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

Equities researchers at StockNews.com initiated coverage on shares of LiqTech International (NASDAQ:LIQT) in a research note issued to investors on Tuesday. The firm set a “sell” rating on the stock.

A number of other research firms have also commented on LIQT. Ascendiant Capital Markets reduced their target price on LiqTech International from $5.15 to $3.20 and set a “buy” rating for the company in a report on Monday. Lake Street Capital decreased their target price on LiqTech International from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, October 10th.

LiqTech International Stock Up 4.2 %

NASDAQ:LIQT opened at $1.74 on Tuesday. 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 cap of $16.44 million, a P/E ratio of -0.96 and a beta of 0.98. LiqTech International has a fifty-two week low of $1.51 and a fifty-two week high of $3.74. The firm has a 50-day simple moving average of $2.23 and a two-hundred day simple moving average of $2.38.

Institutional Trading of LiqTech International

A hedge fund recently raised its stake 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 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,599 shares of the company’s stock after purchasing an additional 11,043 shares during the period. HighTower Advisors LLC owned 0.66% of LiqTech International worth $99,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 35.06% of the company’s stock.

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.