LiqTech International (NASDAQ:LIQT – Get Free Report) had its price objective lifted by analysts at Ascendiant Capital Markets from $4.30 to $4.40 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Ascendiant Capital Markets’ price objective would suggest a potential upside of 132.80% from the stock’s current price.
Separately, Weiss Ratings upgraded shares of LiqTech International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, LiqTech International presently has a consensus rating of “Hold” and an average target price of $4.40.
Check Out Our Latest Stock Analysis on LIQT
LiqTech International Stock Down 1.0%
LiqTech International (NASDAQ:LIQT – Get Free Report) last issued its earnings results on Wednesday, May 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.07). The business had revenue of $4.14 million during the quarter, compared to the consensus estimate of $4.50 million. LiqTech International had a negative net margin of 55.45% and a negative return on equity of 79.64%. Equities analysts expect that LiqTech International will post -0.61 EPS for the current year.
Hedge Funds Weigh In On LiqTech International
An institutional investor recently bought a new position in LiqTech International stock. StoneX Group Inc. acquired a new position in shares of LiqTech International, Inc. (NASDAQ:LIQT – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned 0.30% of LiqTech International at the end of the most recent reporting period. Institutional investors own 35.06% of the company’s stock.
About LiqTech International
LiqTech International, Inc develops and manufactures advanced ceramic filtration systems that leverage proprietary silicon carbide (SiC) membranes to remove particulates and hydrophobic contaminants from a variety of fluid streams. The company’s core products include tubular ceramic membrane modules and complete filtration skids designed for applications where high chemical resistance, thermal stability and mechanical strength are required.
Their filtration solutions are utilized across multiple industries, including municipal and industrial water treatment, desalination pretreatment, produced water management in oil and gas operations, and process water recycling in power generation and chemical processing.
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