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 Sunday morning. The brokerage issued a sell rating on the stock.

A number of other analysts have also issued reports on LIQT. Ascendiant Capital Markets lowered their target price on LiqTech International from $5.15 to $3.20 and set a “buy” rating on the stock in a report on Monday, November 25th. Lake Street Capital decreased their price objective on LiqTech International from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, October 10th.

LiqTech International Stock Performance

LIQT opened at $2.13 on Friday. The firm has a market capitalization of $20.13 million, a P/E ratio of -1.17 and a beta of 1.03. The stock’s 50 day moving average price is $1.99 and its two-hundred day moving average price is $2.32. The company has a quick ratio of 1.62, a current ratio of 2.66 and a debt-to-equity ratio of 0.60. LiqTech International has a 12-month low of $1.51 and a 12-month high of $3.61.

Institutional Trading of LiqTech International

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC increased its stake in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in 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 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. 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.