Lake Street Capital Cuts LiqTech International (NASDAQ:LIQT) Price Target to $9.00

LiqTech International (NASDAQ:LIQT) had its price target lowered by Lake Street Capital from $10.00 to $9.00 in a research note released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the company. Ascendiant Capital Markets reiterated a buy rating and set a $5.15 price target on shares of LiqTech International in a research report on Monday, August 26th. StockNews.com initiated coverage on shares of LiqTech International in a research report on Tuesday, September 3rd. They issued a sell rating on the stock.

LiqTech International Stock Performance

LIQT stock opened at $2.73 on Thursday. The company has a 50-day simple moving average of $2.40 and a 200 day simple moving average of $2.63. The company has a market capitalization of $15.85 million, a P/E ratio of -1.83 and a beta of 0.96. The company has a quick ratio of 1.85, a current ratio of 2.74 and a debt-to-equity ratio of 0.55. LiqTech International has a fifty-two week low of $1.90 and a fifty-two week high of $4.20.

LiqTech International (NASDAQ:LIQT) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.36) earnings per share for the quarter. LiqTech International had a negative return on equity of 57.61% and a negative net margin of 51.50%. The company had revenue of $4.49 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LiqTech International stock. Mesirow Financial Investment Management Inc. acquired a new position in shares of LiqTech International, Inc. (NASDAQ:LIQT) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 14,903 shares of the company’s stock, valued at approximately $46,000. Mesirow Financial Investment Management Inc. owned approximately 0.26% of LiqTech International as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 35.06% of the company’s stock.

LiqTech International Company Profile

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.