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

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

A number of other research analysts also recently weighed in on the company. Lake Street Capital decreased their price target on LiqTech International from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Ascendiant Capital Markets reissued a “buy” rating and issued a $5.15 target price on shares of LiqTech International in a research note on Monday, August 26th.

LiqTech International Stock Performance

LIQT opened at $1.67 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.66 and a quick ratio of 1.85. The company has a market capitalization of $15.78 million, a price-to-earnings ratio of -0.92 and a beta of 0.98. The business’s 50-day moving average price is $2.23 and its two-hundred day moving average price is $2.39. LiqTech International has a 1 year low of $1.51 and a 1 year high of $3.74.

Hedge Funds Weigh In On LiqTech International

An institutional investor recently raised its position in LiqTech International stock. HighTower Advisors LLC increased its position in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,599 shares of the company’s stock after acquiring an additional 11,043 shares during the period. HighTower Advisors LLC owned about 0.66% of LiqTech International worth $99,000 as of its most recent filing with the Securities and Exchange Commission. 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.