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.
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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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