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

StockNews.com began coverage on shares of LiqTech International (NASDAQ:LIQT) in a research report sent to investors on Tuesday. The firm issued a sell rating on the stock.

Separately, Ascendiant Capital Markets reiterated a “buy” rating and issued a $3.40 target price (up from $3.20) on shares of LiqTech International in a report on Monday, April 7th.

LiqTech International Stock Up 2.0 %

Shares of NASDAQ:LIQT opened at $1.54 on Tuesday. The firm has a market capitalization of $14.79 million, a PE ratio of -0.85 and a beta of 0.93. LiqTech International has a 1 year low of $1.34 and a 1 year high of $3.20. 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’s 50-day moving average is $1.55 and its two-hundred day moving average is $1.79.

LiqTech International (NASDAQ:LIQT) last announced its earnings results on Friday, March 28th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.02). LiqTech International had a negative return on equity of 76.05% and a negative net margin of 69.76%. The business had revenue of $3.80 million for the quarter, compared to analysts’ expectations of $3.80 million. Analysts predict that LiqTech International will post -1.64 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its holdings in shares of LiqTech International by 40.1% in the 3rd quarter. HighTower Advisors LLC now owns 38,599 shares of the company’s stock valued at $99,000 after purchasing an additional 11,043 shares in the last quarter. WealthTrust Axiom LLC increased its holdings in LiqTech International by 15.1% in the fourth quarter. WealthTrust Axiom LLC now owns 207,862 shares of the company’s stock valued at $383,000 after buying an additional 27,300 shares during the last quarter. Bleichroeder LP raised its stake in LiqTech International by 451.4% in the fourth quarter. Bleichroeder LP now owns 3,182,239 shares of the company’s stock valued at $5,865,000 after buying an additional 2,605,129 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of LiqTech International by 73.9% in the 4th quarter. Geode Capital Management LLC now owns 63,799 shares of the company’s stock valued at $116,000 after acquiring an additional 27,120 shares during the last 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.