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

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

Several other research firms have also recently commented on LIQT. Lake Street Capital cut 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 cut their price objective on shares of 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 Price Performance

NASDAQ LIQT opened at $1.89 on Tuesday. The stock has a 50-day simple moving average of $1.84 and a 200 day simple moving average of $2.23. LiqTech International has a twelve month low of $1.51 and a twelve month high of $3.60. The stock has a market capitalization of $17.86 million, a PE ratio of -1.04 and a beta of 1.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.62 and a current ratio of 2.66.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC boosted its holdings in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,599 shares of the company’s stock after buying an additional 11,043 shares during the period. HighTower Advisors LLC owned about 0.66% of LiqTech International worth $99,000 as of its most recent SEC filing. 35.06% of the stock is currently 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. The company operates through Water, Ceramics, and Plastics segments.