LiqTech International (NASDAQ:LIQT) Earns Sell Rating from Analysts at StockNews.com

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

Separately, Ascendiant Capital Markets reaffirmed a “buy” rating and set a $3.40 price target (up previously from $3.20) on shares of LiqTech International in a research report on Monday, April 7th.

LiqTech International Stock Down 6.9 %

LiqTech International stock opened at $1.48 on Monday. LiqTech International has a fifty-two week low of $1.34 and a fifty-two week high of $3.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.62 and a current ratio of 2.66. The firm has a 50 day moving average price of $1.52 and a 200 day moving average price of $1.74. The company has a market capitalization of $14.22 million, a PE ratio of -0.81 and a beta of 0.93.

LiqTech International (NASDAQ:LIQT) last posted its quarterly earnings results on Friday, March 28th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.02). The business had revenue of $3.80 million during the quarter, compared to analyst estimates of $3.80 million. LiqTech International had a negative return on equity of 76.05% and a negative net margin of 69.76%. Research analysts expect that LiqTech International will post -1.64 earnings per share for the current year.

Institutional Trading of LiqTech International

Several institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC grew its holdings in LiqTech International by 49.2% in the 4th quarter. HighTower Advisors LLC now owns 57,599 shares of the company’s stock valued at $106,000 after buying an additional 19,000 shares during the period. Geode Capital Management LLC lifted its position in LiqTech International by 73.9% during the fourth quarter. Geode Capital Management LLC now owns 63,799 shares of the company’s stock valued at $116,000 after buying an additional 27,120 shares in the last quarter. WealthTrust Axiom LLC lifted its position in LiqTech International by 15.1% during the fourth quarter. WealthTrust Axiom LLC now owns 207,862 shares of the company’s stock valued at $383,000 after buying an additional 27,300 shares in the last quarter. Finally, Bleichroeder LP lifted its position in shares of LiqTech International by 451.4% during the fourth quarter. Bleichroeder LP now owns 3,182,239 shares of the company’s stock worth $5,865,000 after purchasing an additional 2,605,129 shares in the last quarter. 35.06% of the stock is currently owned by hedge funds and other institutional investors.

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.