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

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

LIQT has been the topic of several other research reports. Lake Street Capital reduced their price objective on shares of LiqTech International from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Ascendiant Capital Markets restated a “buy” rating and issued a $5.15 price objective on shares of LiqTech International in a research report on Monday, August 26th.

LiqTech International Stock Performance

LiqTech International stock opened at $1.53 on Thursday. The company has a market cap of $8.95 million, a PE ratio of -0.84 and a beta of 0.98. The company has a current ratio of 2.74, a quick ratio of 1.85 and a debt-to-equity ratio of 0.55. LiqTech International has a 1 year low of $1.51 and a 1 year high of $3.77. The company’s 50-day moving average is $2.34 and its two-hundred day moving average is $2.42.

Institutional Investors Weigh In On LiqTech International

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC boosted its position in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,599 shares of the company’s stock after purchasing an additional 11,043 shares during the period. HighTower Advisors LLC owned about 0.66% of LiqTech International worth $99,000 at the end of the most recent reporting period. 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.