Fuel Tech (NASDAQ:FTEK) Now Covered by StockNews.com

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Fuel Tech (NASDAQ: FTEK) recently received coverage from analysts at StockNews.com, who assigned a “hold” rating to the industrial products company’s stock. The analysts noted that Fuel Tech’s current market capitalization of $82.75 million is lower than the company’s cash on hand of $86.17 million. They also highlighted Fuel Tech’s strong earnings per share growth over the past year, which was up by 201.7%. Additionally, the analysts noted that the stock has gained 4.2% year-to-date, and is trading at a price-to-earnings ratio of 9.35, which is lower than the industry average of 10.02. They commented that the company’s strengths outweigh its weaknesses, and that the stock is relatively undervalued. The analysts concluded that Fuel Tech is a good long-term investment, and that investors should consider buying the stock while it is trading at a discount.

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