LiqTech International (NASDAQ:LIQT) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of LiqTech International (NASDAQ:LIQT) in a note issued to investors on Thursday. The firm set a “sell” rating on the stock.

Separately, Ascendiant Capital Markets assumed coverage on LiqTech International in a research report on Monday, February 26th. They set a “buy” rating and a $5.15 price target on the stock.

LiqTech International Price Performance

NASDAQ LIQT opened at $2.60 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.95 and a quick ratio of 2.24. The stock’s fifty day moving average price is $3.08 and its 200 day moving average price is $3.36. LiqTech International has a 1 year low of $2.56 and a 1 year high of $4.20. The company has a market cap of $15.11 million, a price-to-earnings ratio of -1.76 and a beta of 0.73.

LiqTech International (NASDAQ:LIQT) last announced its quarterly earnings results on Thursday, March 21st. The company reported ($0.56) earnings per share for the quarter. The company had revenue of $3.93 million for the quarter. LiqTech International had a negative return on equity of 43.92% and a negative net margin of 47.61%.

Institutional Investors Weigh In On LiqTech International

A number of institutional investors have recently modified their holdings of LIQT. Renaissance Technologies LLC purchased a new position in LiqTech International in the 2nd quarter valued at about $196,000. Millennium Management LLC purchased a new position in LiqTech International in the 2nd quarter valued at about $116,000. Virtu Financial LLC lifted its stake in LiqTech International by 239.8% in the 2nd 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 in the last quarter. Meros Investment Management LP lifted its stake in LiqTech International by 12.9% in the 1st quarter. Meros Investment Management LP now owns 476,949 shares of the company’s stock valued at $1,168,000 after buying an additional 54,637 shares in the last quarter. Finally, WealthTrust Axiom LLC lifted its stake in LiqTech International by 17.0% in the 4th quarter. WealthTrust Axiom LLC now owns 146,555 shares of the company’s stock valued at $500,000 after buying an additional 21,323 shares in the last quarter. 35.06% of the stock is currently owned by institutional investors and hedge funds.

LiqTech International Company Profile

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.