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

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

A number of other research analysts have also recently issued reports on LIQT. Ascendiant Capital Markets reissued a “buy” rating and set a $5.15 price target on shares of LiqTech International in a research report on Monday, August 26th. Lake Street Capital dropped their price target on LiqTech International from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th.

LiqTech International Stock Performance

NASDAQ:LIQT opened at $2.90 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.85 and a current ratio of 2.74. LiqTech International has a fifty-two week low of $1.90 and a fifty-two week high of $4.20. The business has a 50 day moving average price of $2.45 and a 200-day moving average price of $2.63. The firm has a market cap of $16.84 million, a PE ratio of -1.95 and a beta of 0.96.

LiqTech International (NASDAQ:LIQT) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.36) EPS for the quarter. The business had revenue of $4.49 million for the quarter. LiqTech International had a negative net margin of 51.50% and a negative return on equity of 57.61%.

Institutional Trading of LiqTech International

An institutional investor recently bought a new position in LiqTech International stock. Mesirow Financial Investment Management Inc. purchased a new position in LiqTech International, Inc. (NASDAQ:LIQT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,903 shares of the company’s stock, valued at approximately $46,000. Mesirow Financial Investment Management Inc. owned 0.26% of LiqTech International at the end of the most recent reporting period. 35.06% of the stock is owned by hedge funds and other institutional investors.

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.