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

StockNews.com assumed coverage on shares of LiqTech International (NASDAQ:LIQT) in a research note published on Wednesday. The firm issued a sell rating on the stock.

A number of other analysts also recently weighed in on LIQT. Lake Street Capital cut their price target on shares of LiqTech International from $9.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Ascendiant Capital Markets cut their target price on LiqTech International from $5.15 to $3.20 and set a “buy” rating on the stock in a research note on Monday, November 25th.

LiqTech International Stock Down 1.7 %

Shares of NASDAQ LIQT opened at $1.84 on Wednesday. The stock has a market cap of $17.41 million, a PE ratio of -1.01 and a beta of 1.03. LiqTech International has a 52-week low of $1.51 and a 52-week high of $3.61. The business has a fifty day moving average of $1.83 and a two-hundred day moving average of $2.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.62 and a current ratio of 2.66.

Hedge Funds Weigh In On LiqTech International

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