LiqTech International (NASDAQ:LIQT) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of LiqTech International (NASDAQ:LIQT) in a research report released on Thursday. The firm issued a sell rating on the stock.

Several other research analysts have also commented on the stock. Lake Street Capital lowered their price objective on shares of LiqTech International from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Ascendiant Capital Markets reissued a “buy” rating and issued a $5.15 price objective on shares of LiqTech International in a research note on Monday, August 26th.

LiqTech International Stock Down 8.8 %

LiqTech International stock opened at $1.53 on Thursday. LiqTech International has a 12-month low of $1.51 and a 12-month high of $3.77. The company has a 50-day moving average price of $2.34 and a 200 day moving average price of $2.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.85 and a current ratio of 2.74.

LiqTech International (NASDAQ:LIQT) last announced its earnings results on Wednesday, August 14th. The company reported ($0.36) earnings per share for the quarter. The company had revenue of $4.49 million for the quarter. LiqTech International had a negative return on equity of 71.81% and a negative net margin of 69.76%. As a group, analysts expect that LiqTech International will post -1.44 EPS for the current fiscal year.

Hedge Funds Weigh In On LiqTech International

An institutional investor recently raised its position in LiqTech International stock. HighTower Advisors LLC lifted its stake in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% during the third quarter, according to the company in its most recent filing 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.