LiqTech International (NASDAQ:LIQT) Price Target Lowered to $3.20 at Ascendiant Capital Markets

LiqTech International (NASDAQ:LIQT) had its price target decreased by Ascendiant Capital Markets from $5.15 to $3.20 in a research note published on Monday,Benzinga reports. Ascendiant Capital Markets currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on LIQT. Lake Street Capital decreased their price objective on LiqTech International from $9.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, October 10th. StockNews.com started coverage on LiqTech International in a report on Wednesday, November 20th. They set a “sell” rating for the company.

LiqTech International Price Performance

Shares of NASDAQ LIQT opened at $1.74 on Monday. The stock has a market capitalization of $16.44 million, a price-to-earnings ratio of -0.96 and a beta of 0.98. The business has a 50-day moving average of $2.23 and a 200-day moving average of $2.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.66 and a quick ratio of 1.62. LiqTech International has a fifty-two week low of $1.51 and a fifty-two week high of $3.74.

Hedge Funds Weigh In On LiqTech International

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC raised its position in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,599 shares of the company’s stock after acquiring an additional 11,043 shares during the period. HighTower Advisors LLC owned approximately 0.66% of LiqTech International worth $99,000 at the end of the most recent quarter. 35.06% of the stock is 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.