LiqTech International (NASDAQ:LIQT) Given New $3.20 Price Target at Ascendiant Capital Markets

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

Other equities research analysts have also recently issued reports about the company. StockNews.com assumed coverage on LiqTech International in a research note on Wednesday, November 20th. They issued a “sell” rating for the company. Lake Street Capital cut 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.

LiqTech International Price Performance

LiqTech International stock opened at $1.74 on Monday. LiqTech International has a 12 month low of $1.51 and a 12 month high of $3.74. The stock’s 50 day moving average is $2.23 and its 200-day moving average is $2.38. The company has a current ratio of 2.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $16.44 million, a price-to-earnings ratio of -0.96 and a beta of 0.98.

Institutional Investors Weigh In On LiqTech International

An institutional investor recently raised its position in LiqTech International stock. HighTower Advisors LLC boosted its holdings in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 quarter. Institutional investors 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.