LiqTech International (NYSEAMERICAN:LIQT) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of LiqTech International (NYSEAMERICAN:LIQT) from a hold rating to a sell rating in a report issued on Friday, Zacks.com reports.

According to Zacks, “LiqTech International, Inc. is a clean technology company. It engages in the provision of various technologies for the gas and liquid purification by manufacturing ceramic silicon carbide filters. The company sells its products to industrial customers in the United States, Canada, Europe, Asia, and South America. LiqTech International, Inc. is headquartered in Ballerup, Denmark. “

Separately, B. Riley set a $12.00 price objective on LiqTech International and gave the stock a buy rating in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. LiqTech International presently has an average rating of Buy and a consensus target price of $11.70.

Shares of LIQT opened at $6.94 on Friday. LiqTech International has a one year low of $4.36 and a one year high of $10.69.

LiqTech International (NYSEAMERICAN:LIQT) last issued its quarterly earnings results on Wednesday, August 14th. The industrial goods maker reported $0.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. The firm had revenue of $9.30 million for the quarter, compared to analysts’ expectations of $8.36 million.

In other LiqTech International news, CFO Claus Toftegaard purchased 1,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $10,000.00 per share, with a total value of $15,000,000.00. Following the purchase, the chief financial officer now directly owns 1,500 shares in the company, valued at approximately $15,000,000. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Several institutional investors have recently made changes to their positions in LIQT. Clear Harbor Asset Management LLC lifted its stake in LiqTech International by 18.0% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 557,444 shares of the industrial goods maker’s stock worth $4,404,000 after acquiring an additional 84,929 shares in the last quarter. WealthTrust Axiom LLC lifted its stake in LiqTech International by 16.7% during the 3rd quarter. WealthTrust Axiom LLC now owns 542,188 shares of the industrial goods maker’s stock worth $4,283,000 after acquiring an additional 77,425 shares in the last quarter. Calamos Advisors LLC lifted its stake in LiqTech International by 65.3% during the 3rd quarter. Calamos Advisors LLC now owns 317,059 shares of the industrial goods maker’s stock worth $2,505,000 after acquiring an additional 125,273 shares in the last quarter. Ingalls & Snyder LLC lifted its stake in LiqTech International by 66.3% during the 3rd quarter. Ingalls & Snyder LLC now owns 313,845 shares of the industrial goods maker’s stock worth $2,479,000 after acquiring an additional 125,092 shares in the last quarter. Finally, Essex Investment Management Co. LLC lifted its stake in LiqTech International by 10.1% during the 3rd quarter. Essex Investment Management Co. LLC now owns 157,201 shares of the industrial goods maker’s stock worth $1,242,000 after acquiring an additional 14,425 shares in the last quarter.

LiqTech International Company Profile

LiqTech International, Inc, a clean technology company, provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters. The company manufactures and sells ceramic silicon carbide membranes and systems for liquid filtration under the LiqTech, Cometas, and Provital brand names, which are used for the filtration of produced water, pre-filtration of reverse osmosis drinking water, industrial applications, producing clean drinking water, and pool and spa water, as well as marine scrubber bleed water.

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