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

StockNews.com began coverage on shares of LiqTech International (NASDAQ:LIQT) in a report released on Tuesday morning. The brokerage issued a sell rating on the stock.

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

LiqTech International Price Performance

Shares of LIQT opened at $1.54 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.62 and a current ratio of 2.66. LiqTech International has a fifty-two week low of $1.34 and a fifty-two week high of $3.20. The firm has a 50-day simple moving average of $1.53 and a 200-day simple moving average of $1.76. The company has a market capitalization of $14.79 million, a price-to-earnings ratio of -0.85 and a beta of 0.93.

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

Hedge Funds Weigh In On LiqTech International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC increased its stake in LiqTech International by 40.1% during the third quarter. HighTower Advisors LLC now owns 38,599 shares of the company’s stock worth $99,000 after acquiring an additional 11,043 shares during the last quarter. Geode Capital Management LLC raised its holdings in LiqTech International by 73.9% in the fourth quarter. Geode Capital Management LLC now owns 63,799 shares of the company’s stock valued at $116,000 after buying an additional 27,120 shares during the period. WealthTrust Axiom LLC raised its holdings in shares of LiqTech International by 15.1% during the 4th 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 period. Finally, Bleichroeder LP grew its stake in shares of 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 acquiring an additional 2,605,129 shares in the last quarter. Institutional investors and hedge funds own 35.06% of the company’s stock.

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.