LiqTech International (NASDAQ:LIQT) Major Shareholder Acquires $700,000.00 in Stock

LiqTech International, Inc. (NASDAQ:LIQT) major shareholder Lp Bleichroeder acquired 700,000 shares of LiqTech International stock in a transaction dated Friday, June 5th. The stock was bought at an average price of $1.00 per share, for a total transaction of $700,000.00. Following the completion of the transaction, the insider directly owned 3,882,239 shares of the company’s stock, valued at approximately $3,882,239. This represents a 22.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

LiqTech International Stock Up 9.2%

Shares of NASDAQ:LIQT opened at $0.91 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.50 and a debt-to-equity ratio of 1.06. LiqTech International, Inc. has a 52-week low of $0.74 and a 52-week high of $3.35. The stock’s fifty day simple moving average is $1.76 and its 200-day simple moving average is $1.73. The company has a market capitalization of $9.06 million, a P/E ratio of -0.99 and a beta of 1.01.

LiqTech International (NASDAQ:LIQT) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.07). LiqTech International had a negative net margin of 55.45% and a negative return on equity of 79.64%. The company had revenue of $4.14 million during the quarter, compared to analysts’ expectations of $4.50 million. As a group, equities research analysts forecast that LiqTech International, Inc. will post -0.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LIQT has been the topic of several recent research reports. Ascendiant Capital Markets upped their price objective on LiqTech International from $4.30 to $4.40 and gave the company a “buy” rating in a research report on Thursday, May 21st. Weiss Ratings downgraded LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.40.

Hedge Funds Weigh In On LiqTech International

A hedge fund recently bought a new stake in LiqTech International stock. StoneX Group Inc. bought a new stake in LiqTech International, Inc. (NASDAQ:LIQT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned about 0.30% of LiqTech International at the end of the most recent quarter. Institutional investors own 35.06% of the company’s stock.

About LiqTech International

LiqTech International, Inc develops and manufactures advanced ceramic filtration systems that leverage proprietary silicon carbide (SiC) membranes to remove particulates and hydrophobic contaminants from a variety of fluid streams. The company’s core products include tubular ceramic membrane modules and complete filtration skids designed for applications where high chemical resistance, thermal stability and mechanical strength are required.

Their filtration solutions are utilized across multiple industries, including municipal and industrial water treatment, desalination pretreatment, produced water management in oil and gas operations, and process water recycling in power generation and chemical processing.