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

Equities researchers at StockNews.com assumed coverage on shares of LiqTech International (NASDAQ:LIQT) in a research note issued on Saturday. The brokerage set a “sell” rating on the stock.

LiqTech International Stock Performance

LiqTech International stock opened at $3.49 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.78 and a quick ratio of 3.14. The company has a market cap of $19.89 million, a P/E ratio of -2.84 and a beta of 1.11. The firm’s 50 day simple moving average is $3.69 and its 200-day simple moving average is $3.49. LiqTech International has a fifty-two week low of $2.80 and a fifty-two week high of $4.66.

LiqTech International (NASDAQ:LIQT) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.27) earnings per share (EPS) for the quarter. The business had revenue of $4.99 million during the quarter. LiqTech International had a negative net margin of 48.14% and a negative return on equity of 35.38%.

Insider Buying and Selling

In related news, CEO Fei Chen bought 10,784 shares of LiqTech International stock in a transaction that occurred on Wednesday, June 14th. The shares were acquired at an average cost of $3.94 per share, for a total transaction of $42,488.96. Following the completion of the acquisition, the chief executive officer now directly owns 231,992 shares of the company’s stock, valued at approximately $914,048.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On LiqTech International

A number of large investors have recently bought and sold shares of LIQT. Virtu Financial LLC raised its stake in LiqTech International by 239.8% during the second quarter. Virtu Financial LLC now owns 127,237 shares of the company’s stock valued at $57,000 after buying an additional 89,789 shares during the last quarter. Millennium Management LLC purchased a new stake in LiqTech International during the second quarter valued at approximately $116,000. Renaissance Technologies LLC purchased a new stake in LiqTech International during the second quarter valued at approximately $196,000. WealthTrust Axiom LLC raised its holdings in shares of LiqTech International by 7.5% in the first quarter. WealthTrust Axiom LLC now owns 763,297 shares of the company’s stock worth $359,000 after buying an additional 53,500 shares during the period. Finally, Meros Investment Management LP grew its stake in LiqTech International by 12.9% in the first 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. 20.62% of the stock is owned by hedge funds and other institutional investors.

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.