LiqTech International (NASDAQ:LIQT) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of LiqTech International (NASDAQ:LIQT) in a note issued to investors on Wednesday. The brokerage set a “sell” rating on the stock.

A number of other research analysts have also issued reports on LIQT. Ascendiant Capital Markets reiterated a “buy” rating and issued a $5.15 target price on shares of LiqTech International in a report on Monday, August 26th. Lake Street Capital cut their target price on LiqTech International from $9.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th.

LiqTech International Price Performance

NASDAQ:LIQT opened at $1.64 on Wednesday. LiqTech International has a one year low of $1.51 and a one year high of $3.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.85 and a current ratio of 2.66. The stock has a market cap of $9.59 million, a PE ratio of -0.91 and a beta of 0.98. The stock has a 50 day moving average price of $2.28 and a 200 day moving average price of $2.40.

Institutional Investors Weigh In On LiqTech International

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC boosted its stake in LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,599 shares of the company’s stock after buying an additional 11,043 shares during the quarter. HighTower Advisors LLC owned approximately 0.66% of LiqTech International worth $99,000 as of its most recent filing with the SEC. Institutional investors own 35.06% of the company’s stock.

About LiqTech International

LiqTech International, Inc, a clean technology company, designs, develops, produces, markets, and sells automated filtering systems, ceramic silicon carbide liquid applications, and diesel particulate air filters in the United States, Canada, Europe, Asia, and South America. The company operates through Water, Ceramics, and Plastics segments.