LiqTech International (NASDAQ:LIQT) Director Robert Wowk Buys 50,000 Shares

LiqTech International, Inc. (NASDAQ:LIQT) Director Robert Wowk bought 50,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $1.00 per share, with a total value of $50,000.00. Following the purchase, the director directly owned 50,000 shares in the company, valued at approximately $50,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

LiqTech International Stock Up 3.5%

NASDAQ LIQT traded up $0.02 on Wednesday, reaching $0.54. The stock had a trading volume of 218,810 shares, compared to its average volume of 128,147. The company has a market capitalization of $5.37 million, a price-to-earnings ratio of -0.64 and a beta of 1.05. The business has a 50 day moving average price of $0.73 and a 200 day moving average price of $1.37. The company has a current ratio of 4.37, a quick ratio of 3.43 and a debt-to-equity ratio of 0.09. LiqTech International, Inc. has a 1 year low of $0.52 and a 1 year high of $3.35.

LiqTech International (NASDAQ:LIQT) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. LiqTech International had a negative net margin of 63.18% and a negative return on equity of 69.03%. The business had revenue of $4.36 million for the quarter, compared to the consensus estimate of $6.00 million. On average, analysts forecast that LiqTech International, Inc. will post -0.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. StoneX Group Inc. acquired a new stake in LiqTech International in the fourth quarter valued at approximately $42,000. Clear Harbor Asset Management LLC acquired a new position in shares of LiqTech International during the second quarter worth $52,000. Finally, Cable Car Capital LP bought a new position in shares of LiqTech International in the 2nd quarter valued at $849,000. Institutional investors own 35.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Weiss Ratings lowered shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 24th. Ascendiant Capital Markets raised their price target on LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Zacks Research upgraded LiqTech International from a “strong sell” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.