Ascendiant Capital Markets Has Lowered Expectations for LiqTech International (NASDAQ:LIQT) Stock Price

LiqTech International (NASDAQ:LIQT) had its price target decreased by investment analysts at Ascendiant Capital Markets from $5.15 to $3.20 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Ascendiant Capital Markets’ target price would indicate a potential upside of 83.38% from the company’s previous close.

Several other research analysts have also recently issued reports on LIQT. Lake Street Capital cut their price target on shares of LiqTech International from $9.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, October 10th. StockNews.com initiated coverage on shares of LiqTech International in a report on Wednesday, November 20th. They issued a “sell” rating for the company.

LiqTech International Trading Up 0.3 %

NASDAQ LIQT opened at $1.75 on Monday. The stock has a market capitalization of $16.49 million, a P/E ratio of -0.94 and a beta of 0.98. LiqTech International has a 52-week low of $1.51 and a 52-week high of $3.74. The firm has a 50-day moving average price of $2.20 and a 200 day moving average price of $2.38. The company has a quick ratio of 1.62, a current ratio of 2.66 and a debt-to-equity ratio of 0.60.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC raised its stake in LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,599 shares of the company’s stock after buying an additional 11,043 shares during the period. HighTower Advisors LLC owned approximately 0.66% of LiqTech International worth $99,000 at the end of the most recent reporting period. 35.06% of the stock is owned by institutional investors and hedge funds.

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.