LiqTech International (NASDAQ:LIQT) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of LiqTech International (NASDAQ:LIQT) in a report issued on Friday. The brokerage set a “sell” rating on the stock.

Separately, Ascendiant Capital Markets began coverage on shares of LiqTech International in a research note on Monday, February 26th. They set a “buy” rating and a $5.15 price objective on the stock.

LiqTech International Stock Down 3.3 %

Shares of LIQT opened at $2.63 on Friday. The firm has a market capitalization of $15.27 million, a P/E ratio of -1.78 and a beta of 0.73. The company has a 50-day simple moving average of $3.12 and a 200-day simple moving average of $3.40. LiqTech International has a 52 week low of $2.63 and a 52 week high of $4.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.24 and a current ratio of 2.95.

Institutional Trading of LiqTech International

Several hedge funds have recently modified their holdings of LIQT. Meros Investment Management LP lifted its holdings in LiqTech International by 12.9% in the first quarter. Meros Investment Management LP now owns 476,949 shares of the company’s stock valued at $1,168,000 after buying an additional 54,637 shares during the period. Renaissance Technologies LLC acquired a new stake in LiqTech International in the second quarter worth $196,000. Millennium Management LLC acquired a new stake in LiqTech International in the second quarter worth $116,000. WealthTrust Axiom LLC raised its holdings in LiqTech International by 17.0% in the fourth quarter. WealthTrust Axiom LLC now owns 146,555 shares of the company’s stock worth $500,000 after purchasing an additional 21,323 shares during the period. Finally, Virtu Financial LLC raised its holdings in LiqTech International by 239.8% in the second quarter. Virtu Financial LLC now owns 127,237 shares of the company’s stock worth $57,000 after purchasing an additional 89,789 shares during the period. 35.06% of the stock is owned by institutional investors.

LiqTech International Company Profile

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. It operates in three segments: Water, Ceramics, and Plastics.