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

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

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

LiqTech International Stock Down 5.8 %

Shares of LIQT stock opened at $1.63 on Wednesday. LiqTech International has a 12 month low of $1.51 and a 12 month high of $3.74. The company has a quick ratio of 1.85, a current ratio of 2.74 and a debt-to-equity ratio of 0.55. The firm has a market cap of $9.53 million, a PE ratio of -0.92 and a beta of 0.98. The stock has a 50 day moving average of $2.30 and a 200-day moving average of $2.41.

Institutional Investors Weigh In On LiqTech International

An institutional investor recently raised its position in LiqTech International stock. HighTower Advisors LLC increased its holdings in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period. 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.