LiqTech International (NASDAQ:LIQT) Raised to Hold at Zacks Research

LiqTech International (NASDAQ:LIQT) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research firms have also recently commented on LIQT. Weiss Ratings cut shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 24th. Ascendiant Capital Markets increased their price objective on LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.40.

LiqTech International Stock Performance

LIQT stock opened at $0.52 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.43 and a current ratio of 4.37. The stock has a market cap of $5.19 million, a P/E ratio of -0.62 and a beta of 1.05. The firm has a 50 day simple moving average of $0.74 and a 200 day simple moving average of $1.38. LiqTech International has a 52 week low of $0.52 and a 52 week high of $3.35.

LiqTech International (NASDAQ:LIQT) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The firm 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 anticipate that LiqTech International will post -0.79 earnings per share for the current fiscal year.

Insider Buying and Selling at LiqTech International

In related news, major shareholder Lp Bleichroeder purchased 700,000 shares of the firm’s 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 purchase, the insider owned 3,882,239 shares in the company, valued at $3,882,239. The trade was a 22.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 12.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LiqTech International

Several institutional investors and hedge funds have recently added to or reduced their stakes in LIQT. Cable Car Capital LP bought a new stake in LiqTech International during the second quarter worth approximately $849,000. Clear Harbor Asset Management LLC bought a new position in shares of LiqTech International in the second quarter valued at approximately $52,000. Finally, StoneX Group Inc. acquired a new stake in shares of LiqTech International in the fourth quarter worth $42,000. 35.06% of the stock is currently 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.