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

StockNews.com assumed coverage on shares of LiqTech International (NASDAQ:LIQT) in a report published on Wednesday. The firm issued a sell rating on the stock.

Separately, Ascendiant Capital Markets initiated coverage on shares of LiqTech International in a report on Monday, February 26th. They issued a buy rating and a $5.15 price objective for the company.

LiqTech International Price Performance

LiqTech International stock opened at $2.63 on Wednesday. LiqTech International has a 12 month low of $2.55 and a 12 month high of $4.20. The business’s fifty day simple moving average is $2.99 and its two-hundred day simple moving average is $3.31. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.95 and a quick ratio of 2.24.

LiqTech International (NASDAQ:LIQT) last posted its quarterly earnings results on Thursday, March 21st. The company reported ($0.56) earnings per share (EPS) for the quarter. The company had revenue of $3.93 million during the quarter. LiqTech International had a negative return on equity of 43.92% and a negative net margin of 47.61%.

Institutional Investors Weigh In On LiqTech International

Several hedge funds and other institutional investors have recently made changes to their positions in LIQT. Mesirow Financial Investment Management Inc. bought a new stake in shares of LiqTech International during the 1st quarter valued at $46,000. Mission Wealth Management LP purchased a new stake in LiqTech International in the 3rd quarter worth $73,000. Finally, WealthTrust Axiom LLC raised its holdings in LiqTech International by 17.4% during the third quarter. WealthTrust Axiom LLC now owns 125,232 shares of the company’s stock valued at $487,000 after acquiring an additional 18,600 shares during the period. Hedge funds and other institutional investors own 35.06% of the company’s stock.

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.