Fuel Tech (FTEK) Sees Unusually-High Trading Volume

Fuel Tech Inc (NASDAQ:FTEK) shares saw strong trading volume on Thursday . 1,048,653 shares changed hands during trading, an increase of 1,665% from the previous session’s volume of 59,423 shares.The stock last traded at $1.08 and had previously closed at $0.98.

Separately, ValuEngine upgraded shares of Fuel Tech from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd.

In other Fuel Tech news, Director Dennis L. Zeitler purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were purchased at an average price of $1.01 per share, for a total transaction of $50,500.00. Following the completion of the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at $50,500. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its stake in Fuel Tech by 8.0% during the first quarter. Renaissance Technologies LLC now owns 549,200 shares of the industrial products company’s stock worth $560,000 after buying an additional 40,796 shares in the last quarter. GRT Capital Partners L.L.C. boosted its stake in Fuel Tech by 134.7% during the second quarter. GRT Capital Partners L.L.C. now owns 243,417 shares of the industrial products company’s stock worth $192,000 after buying an additional 139,701 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in Fuel Tech during the third quarter worth $1,368,000. Hedge funds and other institutional investors own 27.55% of the company’s stock.

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About Fuel Tech

Fuel Tech, Inc is a technology company. The Company is engaged in the development, commercialization and application of technologies for air pollution control, process optimization, combustion efficiency and engineering services. It operates through three segments: Air Pollution Control technology, FUEL CHEM technology and Fuel Conversion.

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