Robert Wowk Buys 50,000 Shares of LiqTech International (NASDAQ:LIQT) Stock

LiqTech International, Inc. (NASDAQ:LIQT) Director Robert Wowk purchased 50,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average cost of $1.00 per share, for a total transaction of $50,000.00. Following the purchase, the director directly owned 50,000 shares of the company’s stock, valued at $50,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

LiqTech International Price Performance

Shares of LIQT stock opened at $0.55 on Friday. The stock has a 50-day moving average price of $0.73 and a 200 day moving average price of $1.36. The company has a quick ratio of 3.43, a current ratio of 4.37 and a debt-to-equity ratio of 0.09. The firm has a market cap of $5.51 million, a price-to-earnings ratio of -0.66 and a beta of 1.05. LiqTech International, Inc. has a 12 month low of $0.52 and a 12 month high of $3.35.

LiqTech International (NASDAQ:LIQT) last released its earnings results on Wednesday, August 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The company had revenue of $4.36 million for the quarter, compared to the consensus estimate of $6.00 million. LiqTech International had a negative net margin of 63.18% and a negative return on equity of 69.03%. Research analysts expect that LiqTech International, Inc. will post -0.79 EPS for the current year.

Analysts Set New Price Targets

LIQT has been the topic of several analyst reports. Ascendiant Capital Markets upped their target price on LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a report on Thursday, May 21st. Zacks Research upgraded LiqTech International from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Weiss Ratings downgraded LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.40.

Institutional Trading of LiqTech International

A number of hedge funds have recently made changes to their positions in the business. Alyeska Investment Group L.P. acquired a new position in shares of LiqTech International during the 2nd quarter worth approximately $1,698,000. StoneX Group Inc. bought a new position in LiqTech International during the fourth quarter worth $42,000. Cable Car Capital LP acquired a new position in shares of LiqTech International in the second quarter valued at $849,000. Finally, Clear Harbor Asset Management LLC bought a new position in shares of LiqTech International in the second quarter valued at about $52,000. 35.06% of the stock is owned by institutional investors and hedge funds.

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.