Fuel Tech Inc(NASDAQ:FTEK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $15.18M. Analysts estimated a revenue of $16.50M. Earnings per share were $-0.11. Analysts had estimated an EPS of $-0.11.
Fuel Tech Inc (FTEK) shares turned negative on Wednesdays trading session with the shares closing down -0.1 points or -6.71% at a volume of 39,982. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.48. The peak price level was also seen at $1.48 while the days lowest was $1.39. Finally the shares closed at $1.39. The 52-week high of the shares is $2.5399 while the 52-week low is $1.38. According to the latest information available, the market cap of the company is $33 M.
Several Insider Transactions has been reported to the SEC. On Jan 4, 2016, Douglas G Bailey (Executive Chairman) purchased 15,000 shares at $1.85 per share price.Also, On Jan 4, 2016, Vincent J Arnone (CEO) purchased 12,000 shares at $1.85 per share price.On Jan 4, 2016, David S Collins (Sr. Vice President) sold 7,500 shares at $1.78 per share price, according to the Form-4 filing with the securities and exchange commission.
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 and engineering services. The Company operates as an integrated company with a capital projects business to leverage its Air Pollution Control (APC) technologies and a specialty chemicals business which builds upon its FUEL CHEM processes. Its products include nitrogen oxides (NOx) control systems and its ULTRA technology which converts urea-to-ammonia on site and provides reagent for use in Selective Catalytic Reduction (SCR) systems. The products include burner systems selective non-catalytic reduction (SNCR) systems combined systems ULTRA technology SCR processes and services and electrostatic precipitator (ESP) processes and services. The Company’s segments include Air Pollution Control technology segment and the FUEL CHEM technology segment.