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

StockNews.com initiated coverage on shares of LiqTech International (NASDAQ:LIQT) in a note issued to investors on Wednesday. The brokerage set a “sell” rating on the stock.

A number of other equities analysts have also commented on LIQT. Ascendiant Capital Markets restated a “buy” rating and issued a $5.15 price target on shares of LiqTech International in a research report on Monday, August 26th. Lake Street Capital reduced their target price on LiqTech International from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, October 10th.

LiqTech International Stock Performance

Shares of NASDAQ:LIQT opened at $1.73 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.74 and a quick ratio of 1.85. The business’s fifty day moving average price is $2.32 and its two-hundred day moving average price is $2.41. LiqTech International has a fifty-two week low of $1.51 and a fifty-two week high of $3.74. The stock has a market capitalization of $10.12 million, a price-to-earnings ratio of -0.95 and a beta of 0.98.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC raised its stake in LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,599 shares of the company’s stock after acquiring an additional 11,043 shares during the quarter. HighTower Advisors LLC owned about 0.66% of LiqTech International worth $99,000 as of its most recent filing with the Securities and Exchange Commission. 35.06% of the stock is currently owned by institutional investors and hedge funds.

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.