Ascendiant Capital Markets Cuts LiqTech International (NASDAQ:LIQT) Price Target to $3.20

LiqTech International (NASDAQ:LIQT) had its price target reduced by Ascendiant Capital Markets from $5.15 to $3.20 in a research note published on Monday,Benzinga reports. Ascendiant Capital Markets currently has a buy rating on the stock.

Several other research firms also recently issued reports on LIQT. Lake Street Capital dropped their target price on LiqTech International from $9.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. StockNews.com began coverage on LiqTech International in a report on Wednesday, November 20th. They set a “sell” rating on the stock.

LiqTech International Price Performance

Shares of NASDAQ:LIQT opened at $1.85 on Monday. The firm has a market capitalization of $17.48 million, a PE ratio of -1.02 and a beta of 0.98. The company has a quick ratio of 1.62, a current ratio of 2.66 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $2.16 and a two-hundred day moving average price of $2.36. LiqTech International has a twelve month low of $1.51 and a twelve month high of $3.74.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC grew its stake in LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,599 shares of the company’s stock after buying an additional 11,043 shares during the period. HighTower Advisors LLC owned approximately 0.66% of LiqTech International worth $99,000 at the end of the most recent reporting 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.