On November 18, 2024, Sharon Jones, a Director at Fuel Tech Inc (FTEK, Financial), purchased 14,000 shares of the company, according to the SEC Filing. Following this transaction, the insider now owns a total of 88,585.165 shares in the company. Fuel Tech Inc is a company that provides advanced engineering solutions for the optimization of combustion systems in utility and industrial applications. The company focuses on air pollution control, fuel treatment, and advanced engineering services. The insider's recent purchase is part of a broader trend within the company. Over the past year, there have been seven insider buys and zero insider sells at Fuel Tech Inc. This indicates a positive sentiment among insiders regarding the company's prospects.
On the day of the purchase, shares of Fuel Tech Inc were trading at $1.05, giving the stock a market cap of $32.858 million. The stock's GF Value is estimated at $1.16, resulting in a price-to-GF-Value ratio of 0.91. This suggests that the stock is fairly valued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company’s past returns and growth, as well as future estimates of business performance from Morningstar analysts. This insider buying activity by Sharon Jones, along with the overall insider buying trend, may be of interest to investors monitoring Fuel Tech Inc's stock performance and valuation.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.