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

Equities research analysts at StockNews.com assumed coverage on shares of LiqTech International (NASDAQ:LIQT) in a report released on Tuesday. The firm set a “sell” rating on the stock.

Separately, Ascendiant Capital Markets reaffirmed a “buy” rating and issued a $3.40 price objective (up previously from $3.20) on shares of LiqTech International in a research note on Monday, April 7th.

LiqTech International Trading Down 11.2 %

Shares of NASDAQ:LIQT opened at $1.51 on Tuesday. The stock has a 50 day moving average of $1.56 and a 200 day moving average of $1.80. The company has a market cap of $14.51 million, a PE ratio of -0.83 and a beta of 0.93. LiqTech International has a 12-month low of $1.34 and a 12-month high of $3.20. The company has a current ratio of 2.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.60.

LiqTech International (NASDAQ:LIQT) last announced its quarterly earnings data on Friday, March 28th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.02). LiqTech International had a negative return on equity of 76.05% and a negative net margin of 69.76%. The firm had revenue of $3.80 million during the quarter, compared to analysts’ expectations of $3.80 million. As a group, equities research analysts expect that LiqTech International will post -1.64 EPS for the current year.

Hedge Funds Weigh In On LiqTech International

Institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its holdings in shares of LiqTech International by 40.1% during the 3rd quarter. HighTower Advisors LLC now owns 38,599 shares of the company’s stock valued at $99,000 after purchasing an additional 11,043 shares during the last quarter. WealthTrust Axiom LLC boosted its stake in LiqTech International by 15.1% during the fourth quarter. WealthTrust Axiom LLC now owns 207,862 shares of the company’s stock valued at $383,000 after buying an additional 27,300 shares during the last quarter. Bleichroeder LP boosted its stake in LiqTech International by 451.4% during the fourth quarter. Bleichroeder LP now owns 3,182,239 shares of the company’s stock valued at $5,865,000 after buying an additional 2,605,129 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in LiqTech International by 73.9% in the 4th quarter. Geode Capital Management LLC now owns 63,799 shares of the company’s stock worth $116,000 after acquiring an additional 27,120 shares during the last quarter. 35.06% 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. The company operates through Water, Ceramics, and Plastics segments.