LiqTech International (NASDAQ:LIQT) Price Target Raised to $3.60 at Ascendiant Capital Markets

LiqTech International (NASDAQ:LIQT) had its price target raised by Ascendiant Capital Markets from $3.40 to $3.60 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Wall Street Zen initiated coverage on LiqTech International in a research note on Monday, May 12th. They issued a “sell” rating on the stock.

LiqTech International Price Performance

Shares of LiqTech International stock opened at $1.50 on Monday. The company has a quick ratio of 1.62, a current ratio of 2.66 and a debt-to-equity ratio of 0.60. The company has a market cap of $14.46 million, a PE ratio of -0.83 and a beta of 0.91. The business has a 50 day moving average of $1.56 and a 200 day moving average of $1.65. LiqTech International has a 52 week low of $1.34 and a 52 week high of $3.20.

LiqTech International (NASDAQ:LIQT) last announced its earnings results on Wednesday, May 14th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.07). The business had revenue of $4.62 million for the quarter, compared to the consensus estimate of $4.50 million. LiqTech International had a negative net margin of 69.76% and a negative return on equity of 76.05%. As a group, equities research analysts forecast that LiqTech International will post -1.64 earnings per share for the current year.

Institutional Investors Weigh In On LiqTech International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in shares of LiqTech International by 49.2% in the fourth quarter. HighTower Advisors LLC now owns 57,599 shares of the company’s stock worth $106,000 after acquiring an additional 19,000 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of LiqTech International by 73.9% in the fourth 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. WealthTrust Axiom LLC grew its stake in shares of LiqTech International by 15.1% in the fourth quarter. WealthTrust Axiom LLC now owns 207,862 shares of the company’s stock worth $383,000 after acquiring an additional 27,300 shares during the last quarter. Finally, Bleichroeder LP grew its stake in shares of LiqTech International by 451.4% in the fourth quarter. Bleichroeder LP now owns 3,182,239 shares of the company’s stock worth $5,865,000 after acquiring an additional 2,605,129 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.