StockNews.com Initiates Coverage on LiqTech International (NASDAQ:LIQT)

Equities researchers at StockNews.com initiated coverage on shares of LiqTech International (NASDAQ:LIQT) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the stock.

LIQT has been the subject of a number of other reports. Ascendiant Capital Markets reduced their price target 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, November 25th. Lake Street Capital reduced their price target on shares of LiqTech International from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, October 10th.

LiqTech International Trading Down 5.8 %

LiqTech International stock opened at $1.78 on Monday. The company has a quick ratio of 1.62, a current ratio of 2.66 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $1.84 and a two-hundred day moving average price of $2.22. The firm has a market capitalization of $16.82 million, a price-to-earnings ratio of -0.98 and a beta of 1.00. LiqTech International has a 52-week low of $1.51 and a 52-week high of $3.60.

Institutional Inflows and Outflows

An institutional investor recently raised its position in LiqTech International stock. HighTower Advisors LLC lifted its holdings in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,599 shares of the company’s stock after purchasing 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.

LiqTech International Company Profile

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.