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

Equities research analysts at StockNews.com began coverage on shares of LiqTech International (NASDAQ:LIQT) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.

Several other brokerages have also weighed in on LIQT. Lake Street Capital lowered their target price 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 lowered their price objective on shares of LiqTech International from $5.15 to $3.20 and set a “buy” rating for the company in a research report on Monday.

LiqTech International Price Performance

LIQT stock opened at $1.85 on Tuesday. LiqTech International has a 52-week low of $1.51 and a 52-week high of $3.74. The company has a quick ratio of 1.62, a current ratio of 2.66 and a debt-to-equity ratio of 0.60. The stock has a market cap of $17.48 million, a price-to-earnings ratio of -0.96 and a beta of 0.98. The business has a fifty day moving average of $2.18 and a two-hundred day moving average of $2.37.

Hedge Funds Weigh In On LiqTech International

An institutional investor recently raised its position in LiqTech International stock. HighTower Advisors LLC grew its holdings in LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. 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 0.66% of LiqTech International worth $99,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 35.06% of the company’s stock.

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.