Shares of Fuel Tech (Nasdaq:FTEK) have taken a tremendous swing upward. The stock is trading at $6.56 as of 11:30 a.m. ET, 20.8% above Monday's closing price of $5.43. Volume is at 196,413, 1.2 times the daily average of 159,400.
NEW YORK ( TheStreet) -- Shares of Fuel Tech (Nasdaq: FTEK) have taken a tremendous swing upward. The stock is trading at $6.56 as of 11:30 a.m. ET, 20.8% above Monday's closing price of $5.43. Volume is at 196,413, 1.2 times the daily average of 159,400. Fuel Tech has a market cap of $134.1 million and is part of the industrial goods sector and industrial industry. Shares are down 43.3% year to date as of the close of trading on Monday. Fuel Tech, Inc. uses a suite of advanced technologies to provide boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. The company has a P/E ratio of 39.4, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Fuel Tech as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Fuel Tech Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.