Ascendiant Capital Markets Issues Positive Forecast for LiqTech International (NASDAQ:LIQT) Stock Price

LiqTech International (NASDAQ:LIQT) had its price objective raised by Ascendiant Capital Markets from $4.20 to $4.30 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of LiqTech International in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.30.

LiqTech International Price Performance

NASDAQ:LIQT opened at $1.45 on Tuesday. LiqTech International has a one year low of $1.34 and a one year high of $3.35. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.01 and a current ratio of 3.38. The stock has a market cap of $14.43 million, a PE ratio of -1.63 and a beta of 1.05. The stock has a 50 day moving average price of $1.69 and a 200 day moving average price of $2.02.

LiqTech International (NASDAQ:LIQT) last announced its quarterly earnings data on Friday, February 27th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.10). The company had revenue of $3.13 million for the quarter, compared to analysts’ expectations of $5.20 million. LiqTech International had a negative return on equity of 65.41% and a negative net margin of 51.65%. Equities research analysts expect that LiqTech International will post -1.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LiqTech International stock. StoneX Group Inc. acquired a new position in LiqTech International, Inc. (NASDAQ:LIQT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned 0.30% of LiqTech International as of its most recent filing with the Securities & Exchange Commission. 35.06% of the stock is owned by institutional investors and hedge funds.

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.