StockNews.com Begins Coverage on LiqTech International (NASDAQ:LIQT)

StockNews.com initiated coverage on shares of LiqTech International (NASDAQ:LIQT) in a research report issued on Wednesday. The brokerage 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 for the company.

LiqTech International Price Performance

LiqTech International stock opened at $2.60 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.24 and a current ratio of 2.95. The firm has a market cap of $15.11 million, a P/E ratio of -1.76 and a beta of 0.73. The business’s fifty day moving average is $3.03 and its two-hundred day moving average is $3.33. LiqTech International has a 52 week low of $2.55 and a 52 week high of $4.20.

LiqTech International (NASDAQ:LIQT) last released its earnings results on Thursday, March 21st. The company reported ($0.56) earnings per share for the quarter. The firm 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 Trading of LiqTech International

A hedge fund recently bought a new stake in LiqTech International stock. Mission Wealth Management LP bought a new position in shares of LiqTech International, Inc. (NASDAQ:LIQT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 18,750 shares of the company’s stock, valued at approximately $73,000. Mission Wealth Management LP owned 0.33% of LiqTech International at the end of the most recent quarter. 35.06% of the stock is currently 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.