LiqTech International (NASDAQ:LIQT) Earns Sell Rating from Analysts at StockNews.com

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

Several other analysts also recently commented on LIQT. Lake Street Capital cut 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 decreased 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.

LiqTech International Price Performance

LIQT stock opened at $1.93 on Friday. The company has a market cap of $18.24 million, a P/E ratio of -1.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.66 and a quick ratio of 1.62. The firm has a 50-day moving average of $1.96 and a 200 day moving average of $2.30. LiqTech International has a 1 year low of $1.51 and a 1 year high of $3.61.

Hedge Funds Weigh In On LiqTech International

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

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.