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

StockNews.com assumed coverage on shares of LiqTech International (NASDAQ:LIQT) in a research note published on Thursday morning. The brokerage issued a sell rating on the stock.

Other equities analysts have also recently issued reports about the stock. Ascendiant Capital Markets reaffirmed a “buy” rating and set a $5.15 price target on shares of LiqTech International in a research note on Monday, August 26th. Lake Street Capital dropped their target price 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.

LiqTech International Stock Down 4.6 %

NASDAQ:LIQT traded down $0.08 during mid-day trading on Thursday, reaching $1.60. 9,666 shares of the stock were exchanged, compared to its average volume of 9,947. The company has a current ratio of 2.74, a quick ratio of 1.85 and a debt-to-equity ratio of 0.55. LiqTech International has a 1 year low of $1.51 and a 1 year high of $3.77. The company has a 50 day simple moving average of $2.39 and a 200-day simple moving average of $2.44.

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

Hedge Funds Weigh In On LiqTech International

An institutional investor recently raised its position in LiqTech International stock. HighTower Advisors LLC boosted its position in 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 fund 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 35.06% of the company’s stock.

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.