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

Equities research analysts at StockNews.com began coverage on shares of LiqTech International (NASDAQ:LIQT) in a report issued on Friday. The brokerage set a “sell” rating on the stock.

A number of other equities research analysts have also issued reports on the company. Lake Street Capital reduced their target price 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. Ascendiant Capital Markets reduced their price objective on LiqTech International from $5.15 to $3.20 and set a “buy” rating on the stock in a research report on Monday, November 25th.

LiqTech International Price Performance

LiqTech International stock opened at $1.74 on Friday. LiqTech International has a 1 year low of $1.51 and a 1 year high of $3.61. The stock has a market capitalization of $16.44 million, a P/E ratio of -0.96 and a beta of 1.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.62 and a current ratio of 2.66. The company’s fifty day moving average price is $1.93 and its 200 day moving average price is $2.28.

Hedge Funds Weigh In On LiqTech International

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC lifted its position in LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,599 shares of the company’s stock after buying an additional 11,043 shares during the quarter. HighTower Advisors LLC owned about 0.66% of LiqTech International worth $99,000 as of its most recent filing with the Securities and Exchange Commission. 35.06% of the stock is currently owned by institutional investors and hedge funds.

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.