Ascendiant Capital Markets Has Lowered Expectations for LiqTech International (NASDAQ:LIQT) Stock Price

LiqTech International (NASDAQ:LIQT) had its target price lowered by Ascendiant Capital Markets from $5.15 to $3.20 in a report released on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

LIQT has been the topic of several other research reports. Lake Street Capital decreased their price target on LiqTech International from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. StockNews.com started coverage on LiqTech International in a research 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 company’s fifty day moving average is $2.18 and its two-hundred day moving average is $2.37. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.62 and a current ratio of 2.66. The firm has a market capitalization of $17.48 million, a P/E ratio of -0.96 and a beta of 0.98. LiqTech International has a one year low of $1.51 and a one year high of $3.74.

Institutional Trading of LiqTech International

An institutional investor recently raised its position in LiqTech International stock. HighTower Advisors LLC boosted its stake in LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,599 shares of the company’s stock after buying an additional 11,043 shares during the quarter. HighTower Advisors LLC owned approximately 0.66% of LiqTech International worth $99,000 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.