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

Stock analysts at StockNews.com assumed coverage on shares of LiqTech International (NASDAQ:LIQT) in a note issued to investors on Thursday. The firm set a “sell” rating on the stock.

LiqTech International Stock Performance

LIQT stock opened at $1.56 on Thursday. LiqTech International has a 1-year low of $1.34 and a 1-year high of $3.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.66 and a quick ratio of 1.62. The company has a market capitalization of $14.99 million, a P/E ratio of -0.86 and a beta of 0.93. The business has a 50-day moving average price of $1.59 and a 200 day moving average price of $1.88.

LiqTech International (NASDAQ:LIQT) last released its quarterly earnings results on Friday, March 28th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.02). LiqTech International had a negative return on equity of 76.05% and a negative net margin of 69.76%. The company had revenue of $3.80 million during the quarter, compared to the consensus estimate of $3.80 million. As a group, equities research analysts forecast that LiqTech International will post -1.64 EPS for the current fiscal year.

Institutional Investors Weigh In On LiqTech International

Several institutional investors have recently added to or reduced their stakes in LIQT. HighTower Advisors LLC boosted its stake in LiqTech International by 40.1% in the 3rd quarter. HighTower Advisors LLC now owns 38,599 shares of the company’s stock worth $99,000 after purchasing an additional 11,043 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of LiqTech International by 73.9% in the fourth quarter. Geode Capital Management LLC now owns 63,799 shares of the company’s stock worth $116,000 after buying an additional 27,120 shares during the last quarter. WealthTrust Axiom LLC grew its holdings in shares of LiqTech International by 15.1% during the fourth quarter. WealthTrust Axiom LLC now owns 207,862 shares of the company’s stock valued at $383,000 after buying an additional 27,300 shares during the last quarter. Finally, Bleichroeder LP raised its stake in shares of LiqTech International by 451.4% in the fourth quarter. Bleichroeder LP now owns 3,182,239 shares of the company’s stock worth $5,865,000 after purchasing an additional 2,605,129 shares during the last quarter. Institutional investors and hedge funds 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.