LiqTech International (NASDAQ:LIQT) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of LiqTech International (NASDAQ:LIQT) in a research report released on Thursday morning. The brokerage issued a sell rating on the stock.

LiqTech International Price Performance

Shares of LiqTech International stock opened at $1.48 on Thursday. The business’s fifty day moving average price is $1.59 and its 200 day moving average price is $1.89. LiqTech International has a twelve month low of $1.34 and a twelve month high of $3.20. The company has a current ratio of 2.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $14.22 million, a P/E ratio of -0.81 and a beta of 0.93.

LiqTech International (NASDAQ:LIQT) last released its quarterly earnings data on Friday, March 28th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.02). The firm had revenue of $3.80 million during the quarter, compared to analyst estimates of $3.80 million. LiqTech International had a negative net margin of 69.76% and a negative return on equity of 76.05%. As a group, research analysts anticipate that LiqTech International will post -1.64 earnings per share for the current year.

Hedge Funds Weigh In On LiqTech International

A number of hedge funds have recently made changes to their positions in the business. Bleichroeder LP increased its holdings in LiqTech International by 451.4% in the 4th quarter. Bleichroeder LP now owns 3,182,239 shares of the company’s stock valued at $5,865,000 after purchasing an additional 2,605,129 shares in the last quarter. WealthTrust Axiom LLC boosted its position in shares of LiqTech International by 15.1% in the fourth quarter. WealthTrust Axiom LLC now owns 207,862 shares of the company’s stock worth $383,000 after buying an additional 27,300 shares during the period. Geode Capital Management LLC grew its stake in shares of LiqTech International by 73.9% in the fourth quarter. Geode Capital Management LLC now owns 63,799 shares of the company’s stock valued at $116,000 after buying an additional 27,120 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of LiqTech International by 49.2% during the 4th quarter. HighTower Advisors LLC now owns 57,599 shares of the company’s stock valued at $106,000 after buying an additional 19,000 shares during the period. 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.