Industrial Goods Volatile Stocks: Fuel Tech (NASDAQ:FTEK), Clean Diesel Technologies (NASDAQ:CDTI), MasTec (NYSE:MTZ), Guanwei Recycling Corp. (NASDAQ:GPRC), Adept Technology (NASDAQ:ADEP)

Posted by on May 31, 2014

Fuel Tech (NASDAQ:FTEK) was downgraded by stock analysts at ING Group from a “buy” rating to a “hold” rating in a report issued on Monday. Fuel Tech Inc. (NASDAQ:FTEK) net profit margin is 4.70% and weekly performance is 6.74%. On last trading day company shares ended up $5.54. Analysts mean target price for the company is $5.83. Fuel Tech Inc. (NASDAQ:FTEK) distance from 50-day simple moving average (SMA50) is 0.76%.

As previously disclosed, Derek R. Gray withdrew his candidacy for election to the board of directors of Clean Diesel Technologies, Inc. (NASDAQ:CDTI) at the 2014 annual meeting of stockholders of the Company held on May 21, 2014. As a result of Mr. Gray’s withdrawal, the Company has received notification from NASDAQ that it is no longer in compliance with NASDAQ Listing Rule 5605(c)(2)(A), which requires that the audit committee of the Company be composed of at least three members. In accordance with NASDAQ Listing Rule 5605(c)(4)(B), the Company has until the earlier of its next annual meeting of stockholders or May 21, 2015 to regain compliance with Listing Rule 5605(c)(2)(A), provided the Company’s next annual meeting is held on or after November 17, 2014. The Company intends to identify a third person to serve on the audit committee within the permitted time frame. Clean Diesel Technologies, Inc. (NASDAQ:CDTI) shares fell -1.99% in last trading session and ended the day on $2.46. CDTI gross Margin is 29.60% and its return on assets is -29.80%.Clean Diesel Technologies, Inc. (NASDAQ:CDTI) quarterly performance is -8.89%.

MasTec, Inc. (NYSE:MTZ) announced that George Pita, its Executive Vice President and CFO, will be in Chicago presenting at the Deutsche Bank Global Industrials and Materials Investor Conference on Wednesday, June 4th, at approximately 9:40 a.m. MasTec, Inc. (NYSE:MTZ) shares moved down -7.26% in last trading session and was closed at $36.00, while trading in range of $35.90 – $38.85. MasTec, Inc. (NYSE:MTZ) year to date (YTD) performance is 10.02%.

The Shareholders Foundation announces that an investigation on behalf of investors of Guanwei Recycling Corp. (NASDAQ:GPRC) shares was launched over potential securities laws violations by Guanwei Recycling and certain of its directors and officers. Guanwei Recycling Corp. (NASDAQ:GPRC) ended the last trading day at $1.57. Company weekly volatility is calculated as 6.82% and price to cash ratio as 1.38.Guanwei Recycling Corp. (NASDAQ:GPRC) showed a positive weekly performance of 12.94%.

Adept Technology, Inc. (NASDAQ:ADEP), a leading provider of intelligent robots, autonomous mobile robot solutions, and services, announced that it has entered the Southern European market on a direct basis by hiring Marco Mina as a sales engineer covering Italy. Adept Technology Inc. (NASDAQ:ADEP) net profit margin is -4.50% and weekly performance is 11.56%. On last trading day company shares ended up $11.68. Analysts mean target price for the company is $21.00. Adept Technology Inc. (NASDAQ:ADEP) distance from 50-day simple moving average (SMA50) is -20.10%.

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