LiqTech International (NASDAQ:LIQT) Trading Down 1.1% – Here’s Why

Shares of LiqTech International, Inc. (NASDAQ:LIQT) fell 1.1% on Tuesday . The company traded as low as $0.6322 and last traded at $0.6423. 230,486 shares were traded during trading, a decline of 19% from the average daily volume of 285,042 shares. The stock had previously closed at $0.6496.

Wall Street Analyst Weigh In

LIQT has been the subject of a number of research analyst reports. Zacks Research lowered shares of LiqTech International from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Weiss Ratings raised shares of LiqTech International from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 13th. Finally, Ascendiant Capital Markets boosted their target price on shares of LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, LiqTech International currently has a consensus rating of “Reduce” and an average price target of $4.40.

LiqTech International Trading Down 0.1%

The company has a current ratio of 2.50, a quick ratio of 1.35 and a debt-to-equity ratio of 1.06. The company has a market cap of $6.42 million, a price-to-earnings ratio of -0.70 and a beta of 1.03. The firm has a 50-day moving average price of $1.05 and a 200 day moving average price of $1.53.

LiqTech International (NASDAQ:LIQT) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.07). LiqTech International had a negative net margin of 55.45% and a negative return on equity of 79.64%. The firm had revenue of $4.14 million for the quarter, compared to analyst estimates of $4.50 million. As a group, sell-side analysts forecast that LiqTech International, Inc. will post -0.79 EPS for the current year.

Insider Buying and Selling at LiqTech International

In other LiqTech International news, major shareholder Lp Bleichroeder purchased 700,000 shares of LiqTech International stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of $1.00 per share, for a total transaction of $700,000.00. Following the transaction, the insider owned 3,882,239 shares in the company, valued at $3,882,239. This represents a 22.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On LiqTech International

A hedge fund recently bought a new position in LiqTech International stock. StoneX Group Inc. purchased a new position in shares of LiqTech International, Inc. (NASDAQ:LIQT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned 0.30% of LiqTech International at the end of the most recent quarter. 35.06% of the stock is owned by institutional investors and hedge funds.

About LiqTech International

LiqTech International, Inc develops and manufactures advanced ceramic filtration systems that leverage proprietary silicon carbide (SiC) membranes to remove particulates and hydrophobic contaminants from a variety of fluid streams. The company’s core products include tubular ceramic membrane modules and complete filtration skids designed for applications where high chemical resistance, thermal stability and mechanical strength are required.

Their filtration solutions are utilized across multiple industries, including municipal and industrial water treatment, desalination pretreatment, produced water management in oil and gas operations, and process water recycling in power generation and chemical processing.