LiqTech International (NASDAQ:LIQT) Stock Price Down 1.1% – Here’s What Happened

LiqTech International, Inc. (NASDAQ:LIQT) shares were down 1.1% on Tuesday . The company traded as low as $0.6322 and last traded at $0.6423. 230,486 shares were traded during trading, a decline of 19% from the average session volume of 285,042 shares. The stock had previously closed at $0.6496.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LIQT shares. Zacks Research downgraded shares of LiqTech International from a “hold” rating to a “strong sell” rating in a research note on Friday. Ascendiant Capital Markets increased their price objective on shares of LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings upgraded shares of LiqTech International from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, LiqTech International presently has a consensus rating of “Reduce” and an average target price of $4.40.

LiqTech International Trading Down 1.1%

The company has a 50 day moving average of $1.08 and a 200-day moving average of $1.53. The stock has a market cap of $6.39 million, a price-to-earnings ratio of -0.70 and a beta of 1.03. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.35 and a current ratio of 2.50.

LiqTech International (NASDAQ:LIQT) last released its earnings results on Wednesday, May 13th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.07). The firm had revenue of $4.14 million during the quarter, compared to analyst estimates of $4.50 million. LiqTech International had a negative net margin of 55.45% and a negative return on equity of 79.64%. On average, research analysts anticipate that LiqTech International, Inc. will post -0.79 earnings per share for the current year.

Insider Activity at LiqTech International

In other LiqTech International news, major shareholder Lp Bleichroeder acquired 700,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $1.00 per share, for a total transaction of $700,000.00. Following the completion of the acquisition, the insider owned 3,882,239 shares of the company’s stock, valued at approximately $3,882,239. This trade represents a 22.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On LiqTech International

A hedge fund recently bought a new stake in LiqTech International stock. StoneX Group Inc. purchased a new stake in LiqTech International, Inc. (NASDAQ:LIQT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned 0.30% of LiqTech International as of its most recent SEC filing. 35.06% of the stock is owned by institutional investors and hedge funds.

LiqTech International Company Profile

LiqTech International, Inc develops and manufactures advanced ceramic filtration systems that leverage proprietary silicon carbide (SiC) membranes to remove particulates and hydrophobic contaminants from a variety of fluid streams. The company’s core products include tubular ceramic membrane modules and complete filtration skids designed for applications where high chemical resistance, thermal stability and mechanical strength are required.

Their filtration solutions are utilized across multiple industries, including municipal and industrial water treatment, desalination pretreatment, produced water management in oil and gas operations, and process water recycling in power generation and chemical processing.