LiqTech International (NASDAQ:LIQT) Shares Up 5.2% – Should You Buy?

LiqTech International, Inc. (NASDAQ:LIQT) shot up 5.2% during mid-day trading on Wednesday . The company traded as high as $1.69 and last traded at $1.62. 1,847 shares changed hands during trading, a decline of 68% from the average session volume of 5,789 shares. The stock had previously closed at $1.54.

Analysts Set New Price Targets

LIQT has been the topic of several analyst reports. Ascendiant Capital Markets lifted their target price 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 restated a “sell (d-)” rating on shares of LiqTech International in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has issued 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 $4.20.

LiqTech International Trading Up 5.2%

The stock has a market cap of $15.60 million, a price-to-earnings ratio of -1.60 and a beta of 1.13. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.50 and a quick ratio of 2.30. The company’s fifty day moving average price is $1.74 and its 200-day moving average price is $2.07.

LiqTech International (NASDAQ:LIQT) last released its earnings results on Thursday, November 13th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.02. The company had revenue of $3.81 million for the quarter, compared to the consensus estimate of $4.00 million. LiqTech International had a negative net margin of 53.25% and a negative return on equity of 61.21%. On average, research analysts expect that LiqTech International, Inc. will post -1.64 EPS for the current fiscal year.

LiqTech International Company Profile

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.