LiqTech International (NASDAQ:LIQT) Research Coverage Started at StockNews.com

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

Separately, Ascendiant Capital Markets restated a “buy” rating and set a $3.40 target price (up previously from $3.20) on shares of LiqTech International in a report on Monday, April 7th.

LiqTech International Stock Up 14.3 %

Shares of LIQT stock opened at $1.68 on Wednesday. LiqTech International has a 12-month low of $1.34 and a 12-month high of $3.20. 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 firm has a fifty day moving average of $1.56 and a 200-day moving average of $1.82. The company has a market capitalization of $16.14 million, a price-to-earnings ratio of -0.92 and a beta of 0.93.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LIQT. Bleichroeder LP raised its stake in shares of LiqTech International by 451.4% during the 4th quarter. Bleichroeder LP now owns 3,182,239 shares of the company’s stock worth $5,865,000 after purchasing an additional 2,605,129 shares in the last quarter. WealthTrust Axiom LLC increased its holdings in LiqTech International by 15.1% during 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 last quarter. Geode Capital Management LLC raised its position in LiqTech International by 73.9% during the fourth quarter. Geode Capital Management LLC now owns 63,799 shares of the company’s stock worth $116,000 after acquiring an additional 27,120 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in LiqTech International by 49.2% in the fourth quarter. HighTower Advisors LLC now owns 57,599 shares of the company’s stock valued at $106,000 after acquiring an additional 19,000 shares during the last quarter. 35.06% of the stock is currently owned by institutional investors.

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.