LiqTech International (NASDAQ:LIQT) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of LiqTech International (NASDAQ:LIQT) in a report released on Thursday. The firm set a “sell” rating on the stock.

Separately, Ascendiant Capital Markets assumed coverage on LiqTech International in a report on Monday, February 26th. They set a “buy” rating and a $5.15 price objective for the company.

LiqTech International Price Performance

Shares of LIQT opened at $2.60 on Thursday. LiqTech International has a 52-week low of $2.56 and a 52-week high of $4.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.24 and a current ratio of 2.95. The business’s 50 day moving average price is $3.08 and its two-hundred day moving average price is $3.36. The firm has a market cap of $15.11 million, a PE ratio of -1.76 and a beta of 0.73.

LiqTech International (NASDAQ:LIQT) last issued its quarterly earnings results on Thursday, March 21st. The company reported ($0.56) earnings per share (EPS) for the quarter. LiqTech International had a negative net margin of 47.61% and a negative return on equity of 43.92%. The business had revenue of $3.93 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Mission Wealth Management LP purchased a new stake in LiqTech International during the 3rd quarter worth about $73,000. WealthTrust Axiom LLC lifted its holdings in LiqTech International by 17.4% during the 3rd quarter. WealthTrust Axiom LLC now owns 125,232 shares of the company’s stock worth $487,000 after purchasing an additional 18,600 shares in the last quarter. Meros Investment Management LP lifted its holdings in LiqTech International by 12.9% during the 1st quarter. Meros Investment Management LP now owns 476,949 shares of the company’s stock worth $1,168,000 after purchasing an additional 54,637 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in LiqTech International during the 2nd quarter worth about $196,000. Finally, Millennium Management LLC bought a new position in LiqTech International in the 2nd quarter worth about $116,000. 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. It operates in three segments: Water, Ceramics, and Plastics.