LiqTech International (NASDAQ:LIQT) Trading Down 0.6% – What’s Next?

LiqTech International, Inc. (NASDAQ:LIQT)’s share price traded down 0.6% during trading on Tuesday . The stock traded as low as $1.69 and last traded at $1.74. 6,327 shares changed hands during trading, a decline of 61% from the average session volume of 16,241 shares. The stock had previously closed at $1.75.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Ascendiant Capital Markets boosted their price target on LiqTech International from $4.00 to $4.20 and gave the company a “buy” rating in a research note on Thursday, November 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of LiqTech International in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.20.

LiqTech International Trading Down 0.6%

The business has a 50 day moving average of $1.81 and a two-hundred day moving average of $2.11. The firm has a market capitalization of $16.76 million, a price-to-earnings ratio of -1.72 and a beta of 1.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.30 and a current ratio of 3.50.

LiqTech International (NASDAQ:LIQT) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.02. LiqTech International had a negative return on equity of 61.21% and a negative net margin of 53.25%.The firm had revenue of $3.81 million during the quarter, compared to the consensus estimate of $4.00 million. Equities analysts predict that LiqTech International, Inc. will post -1.64 EPS for the current year.

About LiqTech International

LiqTech International, Inc develops and manufactures advanced ceramic filtration systems that leverage proprietary silicon carbide (SiC) membranes to remove particulates and hydrophobic contaminants from a variety of fluid streams. The company’s core products include tubular ceramic membrane modules and complete filtration skids designed for applications where high chemical resistance, thermal stability and mechanical strength are required.

Their filtration solutions are utilized across multiple industries, including municipal and industrial water treatment, desalination pretreatment, produced water management in oil and gas operations, and process water recycling in power generation and chemical processing.