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

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

Several other brokerages also recently commented on LIQT. Ascendiant Capital Markets lowered their price objective on shares of LiqTech International from $5.15 to $3.20 and set a “buy” rating for the company in a research note on Monday. Lake Street Capital lowered their price target on LiqTech International from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, October 10th.

LiqTech International Price Performance

LIQT opened at $1.74 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.66 and a quick ratio of 1.62. LiqTech International has a 1 year low of $1.51 and a 1 year high of $3.74. The stock’s 50 day simple moving average is $2.23 and its 200 day simple moving average is $2.38. The firm has a market cap of $16.44 million, a price-to-earnings ratio of -0.96 and a beta of 0.98.

Institutional Investors Weigh In On LiqTech International

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC lifted its holdings in LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing. 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.