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

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

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

LiqTech International Stock Performance

LiqTech International stock opened at $1.38 on Tuesday. LiqTech International has a 1 year low of $1.34 and a 1 year high of $3.20. The firm’s 50 day moving average price is $1.51 and its two-hundred day moving average price is $1.71. The firm has a market cap of $13.26 million, a price-to-earnings ratio of -0.76 and a beta of 1.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.62 and a current ratio of 2.66.

LiqTech International (NASDAQ:LIQT) last posted its quarterly earnings data on Friday, March 28th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.02). The firm had revenue of $3.80 million during the quarter, compared to analyst estimates of $3.80 million. LiqTech International had a negative return on equity of 76.05% and a negative net margin of 69.76%. On average, research analysts predict that LiqTech International will post -1.64 EPS for the current fiscal year.

Institutional Trading of LiqTech International

A number of institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC lifted its stake in shares of LiqTech International by 49.2% during the 4th quarter. HighTower Advisors LLC now owns 57,599 shares of the company’s stock worth $106,000 after buying an additional 19,000 shares during the last quarter. Geode Capital Management LLC increased its position in LiqTech International by 73.9% during the fourth quarter. Geode Capital Management LLC now owns 63,799 shares of the company’s stock worth $116,000 after acquiring an additional 27,120 shares during the period. WealthTrust Axiom LLC raised its stake in LiqTech International by 15.1% in the 4th quarter. WealthTrust Axiom LLC now owns 207,862 shares of the company’s stock worth $383,000 after purchasing an additional 27,300 shares in the last quarter. Finally, Bleichroeder LP boosted its holdings in LiqTech International by 451.4% in the 4th quarter. Bleichroeder LP now owns 3,182,239 shares of the company’s stock valued at $5,865,000 after purchasing an additional 2,605,129 shares during the period. 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.