StockNews.com Begins Coverage on LiqTech International (NASDAQ:LIQT)

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

A number of other brokerages have also weighed in on LIQT. Lake Street Capital cut their price target on shares of LiqTech International from $10.00 to $9.00 and set a buy rating on the stock in a research note on Thursday, September 5th. Ascendiant Capital Markets reaffirmed a buy rating and issued a $5.15 price target on shares of LiqTech International in a research note on Monday, August 26th.

LiqTech International Stock Down 4.3 %

LiqTech International stock opened at $2.86 on Friday. The company’s 50 day simple moving average is $2.50 and its 200 day simple moving average is $2.62. LiqTech International has a fifty-two week low of $1.90 and a fifty-two week high of $4.10. The firm has a market capitalization of $16.61 million, a price-to-earnings ratio of -1.92 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.74 and a quick ratio of 1.85.

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

Institutional Trading of LiqTech International

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

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.