LiqTech International (NASDAQ:LIQT) Major Shareholder Lp Bleichroeder Purchases 700,000 Shares of Stock

LiqTech International, Inc. (NASDAQ:LIQT) major shareholder Lp Bleichroeder purchased 700,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of $1.00 per share, for a total transaction of $700,000.00. Following the completion of the purchase, the insider owned 3,882,239 shares of the company’s stock, valued at approximately $3,882,239. This trade represents a 22.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

LiqTech International Price Performance

Shares of LIQT opened at $0.80 on Wednesday. LiqTech International, Inc. has a 52-week low of $0.74 and a 52-week high of $3.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.35 and a current ratio of 2.50. The business’s 50 day moving average price is $1.81 and its two-hundred day moving average price is $1.75. The firm has a market cap of $7.92 million, a PE ratio of -0.86 and a beta of 1.01.

LiqTech International (NASDAQ:LIQT) last issued 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 business had revenue of $4.14 million during the quarter, compared to analyst estimates of $4.50 million. On average, equities analysts anticipate that LiqTech International, Inc. will post -0.79 EPS for the current year.

Institutional Investors Weigh In On LiqTech International

A hedge fund recently bought a new stake in LiqTech International stock. StoneX Group Inc. purchased a new position in shares of LiqTech International, Inc. (NASDAQ:LIQT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned approximately 0.30% of LiqTech International at the end of the most recent quarter. Institutional investors and hedge funds own 35.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on LIQT. Ascendiant Capital Markets boosted their price target on LiqTech International from $4.30 to $4.40 and gave the company a “buy” rating in a research note on Thursday, May 21st. Weiss Ratings lowered LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.40.

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.