LiqTech International (NASDAQ:LIQT) Research Coverage Started at StockNews.com

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

Separately, Ascendiant Capital Markets reissued a “buy” rating and issued a $3.40 price objective (up from $3.20) on shares of LiqTech International in a research note on Monday, April 7th.

LiqTech International Price Performance

Shares of NASDAQ:LIQT opened at $1.50 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.62 and a current ratio of 2.66. LiqTech International has a one year low of $1.34 and a one year high of $3.20. The company has a 50-day simple moving average of $1.54 and a 200-day simple moving average of $1.78. The stock has a market capitalization of $14.45 million, a price-to-earnings ratio of -0.83 and a beta of 0.93.

LiqTech International (NASDAQ:LIQT) last posted its quarterly earnings data on Friday, March 28th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.02). LiqTech International had a negative net margin of 69.76% and a negative return on equity of 76.05%. The company had revenue of $3.80 million for the quarter, compared to analysts’ expectations of $3.80 million. On average, analysts predict that LiqTech International will post -1.64 EPS for the current year.

Hedge Funds Weigh In On LiqTech International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bleichroeder LP lifted its holdings in shares of LiqTech International by 451.4% in the 4th quarter. Bleichroeder LP now owns 3,182,239 shares of the company’s stock valued at $5,865,000 after buying an additional 2,605,129 shares during the period. WealthTrust Axiom LLC lifted its holdings in LiqTech International by 15.1% in the fourth quarter. WealthTrust Axiom LLC now owns 207,862 shares of the company’s stock valued at $383,000 after acquiring an additional 27,300 shares during the period. Geode Capital Management LLC boosted its position in shares of LiqTech International by 73.9% during the 4th quarter. Geode Capital Management LLC now owns 63,799 shares of the company’s stock worth $116,000 after purchasing an additional 27,120 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of LiqTech International by 49.2% during the 4th quarter. HighTower Advisors LLC now owns 57,599 shares of the company’s stock worth $106,000 after purchasing an additional 19,000 shares during the period. Institutional investors and hedge funds 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. The company operates through Water, Ceramics, and Plastics segments.