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

Research analysts at StockNews.com assumed coverage on shares of LiqTech International (NASDAQ:LIQT) in a research report issued on Tuesday. The firm set a “sell” rating on the stock.

Several other equities research analysts have also issued reports on the company. Ascendiant Capital Markets reduced their price target on LiqTech International from $5.15 to $3.20 and set a “buy” rating for the company in a report on Monday, November 25th. Lake Street Capital decreased their target price on shares of LiqTech International from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, October 10th.

LiqTech International Trading Down 4.5 %

LiqTech International stock opened at $1.89 on Tuesday. LiqTech International has a 12 month low of $1.51 and a 12 month high of $3.60. 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 stock has a market cap of $17.86 million, a P/E ratio of -1.04 and a beta of 1.00. The company’s fifty day simple moving average is $1.84 and its 200-day simple moving average is $2.23.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC boosted its stake in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,599 shares of the company’s stock after purchasing an additional 11,043 shares during the quarter. HighTower Advisors LLC owned about 0.66% of LiqTech International worth $99,000 at the end of the most recent quarter. 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.