LiqTech International (NASDAQ:LIQT) Coverage Initiated by Analysts at StockNews.com

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

A number of other equities research analysts have also commented on LIQT. Ascendiant Capital Markets dropped their price objective on shares of LiqTech International from $5.15 to $3.20 and set a “buy” rating on the stock in a report on Monday, November 25th. Lake Street Capital dropped their price target on LiqTech International from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th.

LiqTech International Price Performance

LIQT opened at $1.96 on Friday. The stock has a market cap of $18.52 million, a P/E ratio of -1.08 and a beta of 1.03. LiqTech International has a 12 month low of $1.51 and a 12 month high of $3.61. 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 company has a fifty day simple moving average of $1.96 and a 200 day simple moving average of $2.31.

Hedge Funds Weigh In On LiqTech International

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% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,599 shares of the company’s stock after acquiring 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. 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.