Zacks Investment Research Upgrades LiqTech International (NASDAQ:LIQT) to “Hold”

LiqTech International (NASDAQ:LIQTGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday, Zacks.com reports.

According to Zacks, “LiqTech International, Inc. is a clean technology company. It engages in the provision of various technologies for the gas and liquid purification by manufacturing ceramic silicon carbide filters. The company sells its products to industrial customers in the United States, Canada, Europe, Asia, and South America. LiqTech International, Inc. is headquartered in Ballerup, Denmark. “

Separately, Stephens lowered their price target on shares of LiqTech International from $6.00 to $3.00 and set an “equal weight” rating on the stock in a report on Friday, March 25th.

Shares of NASDAQ:LIQT opened at $1.64 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.66 and a quick ratio of 1.34. LiqTech International has a 1-year low of $1.61 and a 1-year high of $8.58. The company has a market capitalization of $35.02 million, a P/E ratio of -3.22 and a beta of 0.59. The firm’s 50 day simple moving average is $4.17 and its two-hundred day simple moving average is $5.04.

LiqTech International (NASDAQ:LIQTGet Rating) last issued its quarterly earnings results on Thursday, March 24th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.04). LiqTech International had a negative net margin of 60.89% and a negative return on equity of 63.32%. The firm had revenue of $6.12 million for the quarter. During the same quarter in the prior year, the company earned ($0.17) earnings per share. On average, sell-side analysts anticipate that LiqTech International will post -0.52 earnings per share for the current fiscal year.

In related news, major shareholder Laurence W. Lytton bought 16,089 shares of the stock in a transaction dated Monday, January 24th. The shares were purchased at an average price of $5.24 per share, with a total value of $84,306.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. purchased a new stake in LiqTech International during the second quarter valued at $90,000. Millennium Management LLC purchased a new stake in LiqTech International during the fourth quarter valued at $98,000. Titleist Asset Management LTD. purchased a new stake in LiqTech International during the fourth quarter valued at $135,000. Susquehanna International Group LLP raised its stake in LiqTech International by 2,451.9% during the fourth quarter. Susquehanna International Group LLP now owns 37,538 shares of the company’s stock valued at $215,000 after purchasing an additional 36,067 shares in the last quarter. Finally, Morgan Stanley raised its stake in LiqTech International by 3.6% during the third quarter. Morgan Stanley now owns 53,400 shares of the company’s stock valued at $293,000 after purchasing an additional 1,880 shares in the last quarter. 55.56% of the stock is currently owned by institutional investors.

LiqTech International Company Profile (Get Rating)

LiqTech International, Inc, a clean technology company, designs, develops, produces, markets, and sells automated filtering systems, and ceramic silicon carbide liquid applications and diesel particulate air filters in the United States, Canada, Europe, Asia, and South America. The company manufactures and sells ceramic silicon carbide filters and membranes for liquid filtration under the LiqTech, Cometas, and Provital brand names, which are used for the filtration of produced water, pre-filtration of reverse osmosis drinking water, industrial applications, producing clean drinking water, and pool and spa water, as well as marine scrubber wash water.

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