StockNews.com Begins Coverage on LiqTech International (NASDAQ:LIQT)

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

LIQT has been the subject of several other research reports. Lake Street Capital decreased their target price on shares of LiqTech International from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Ascendiant Capital Markets decreased their price objective on LiqTech International from $5.15 to $3.20 and set a “buy” rating for the company in a research report on Monday, November 25th.

LiqTech International Stock Performance

Shares of LIQT opened at $1.69 on Friday. The company’s 50 day simple moving average is $1.91 and its 200-day simple moving average is $2.28. The firm has a market cap of $15.97 million, a PE ratio of -0.93 and a beta of 1.03. LiqTech International has a 12-month low of $1.51 and a 12-month high of $3.61. The company has a current ratio of 2.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.60.

Institutional Trading of LiqTech International

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC increased its position in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,599 shares of the company’s stock after purchasing an additional 11,043 shares during the period. HighTower Advisors LLC owned approximately 0.66% of LiqTech International worth $99,000 as of its most recent SEC filing. 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. The company operates through Water, Ceramics, and Plastics segments.