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

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

Other equities research analysts also recently issued research reports about the company. Ascendiant Capital Markets restated a “buy” rating and set a $5.15 target price on shares of LiqTech International in a research 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 for the company in a research note on Thursday, October 10th.

LiqTech International Trading Down 8.8 %

NASDAQ LIQT opened at $1.53 on Thursday. The business’s fifty day moving average is $2.34 and its 200-day moving average is $2.42. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.74 and a quick ratio of 1.85. The stock has a market capitalization of $8.95 million, a price-to-earnings ratio of -0.97 and a beta of 0.98. LiqTech International has a one year low of $1.51 and a one year high of $3.77.

LiqTech International (NASDAQ:LIQT) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.36) EPS for the quarter. LiqTech International had a negative return on equity of 57.61% and a negative net margin of 51.50%. The company had revenue of $4.49 million during the quarter. Equities research analysts predict that LiqTech International will post -1.44 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in LiqTech International stock. HighTower Advisors LLC grew its position in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 38,599 shares of the company’s stock after acquiring an additional 11,043 shares during the period. HighTower Advisors LLC owned about 0.66% of LiqTech International worth $99,000 at the end of the most recent 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.