LiqTech International (NASDAQ:LIQT) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of LiqTech International (NASDAQ:LIQT) in a research note issued to investors on Wednesday morning. The firm issued a sell rating on the stock.

Separately, Ascendiant Capital Markets assumed coverage on LiqTech International in a research report on Monday, February 26th. They issued a buy rating and a $5.15 price objective on the stock.

LiqTech International Stock Down 1.2 %

Shares of NASDAQ LIQT opened at $2.57 on Wednesday. LiqTech International has a 12-month low of $2.55 and a 12-month high of $4.20. The firm’s 50-day simple moving average is $3.02 and its 200 day simple moving average is $3.32. The company has a quick ratio of 2.24, a current ratio of 2.95 and a debt-to-equity ratio of 0.44. The company has a market cap of $14.93 million, a price-to-earnings ratio of -1.74 and a beta of 0.73.

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

Institutional Investors Weigh In On LiqTech International

An institutional investor recently bought a new position in LiqTech International stock. Mission Wealth Management LP acquired a new stake in LiqTech International, Inc. (NASDAQ:LIQT) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,750 shares of the company’s stock, valued at approximately $73,000. Mission Wealth Management LP owned about 0.33% of LiqTech International at the end of the most recent quarter. Hedge funds and other institutional investors own 35.06% of the company’s stock.

About LiqTech International

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.