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

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

LIQT has been the subject of several other reports. Ascendiant Capital Markets cut their target price on shares of LiqTech International from $5.15 to $3.20 and set a “buy” rating for the company in a research note on Monday, November 25th. Lake Street Capital cut their price objective on 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 Price Performance

NASDAQ:LIQT opened at $1.84 on Wednesday. The stock has a market capitalization of $17.38 million, a PE ratio of -1.01 and a beta of 1.03. LiqTech International has a 1-year low of $1.51 and a 1-year high of $3.61. The firm has a fifty day simple moving average of $1.83 and a 200 day simple moving average of $2.23. The company has a current ratio of 2.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.60.

Institutional Trading of LiqTech International

An institutional investor recently raised its position in LiqTech International stock. HighTower Advisors LLC raised its position in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,599 shares of the company’s stock after acquiring 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 quarter. Institutional investors and hedge funds own 35.06% of the company’s stock.

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.