StockNews.com Initiates Coverage on LiqTech International (NASDAQ:LIQT)

StockNews.com started coverage on shares of LiqTech International (NASDAQ:LIQT) in a research report report published on Tuesday. The brokerage issued a sell rating on the stock.

Separately, Ascendiant Capital Markets reiterated a “buy” rating and issued a $3.40 price objective (up previously from $3.20) on shares of LiqTech International in a report on Monday, April 7th.

LiqTech International Stock Performance

NASDAQ:LIQT opened at $1.50 on Tuesday. LiqTech International has a fifty-two week low of $1.34 and a fifty-two week high of $3.20. The company has a market cap of $14.45 million, a P/E ratio of -0.83 and a beta of 0.93. The company has a quick ratio of 1.62, a current ratio of 2.66 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $1.54 and its two-hundred day moving average is $1.78.

LiqTech International (NASDAQ:LIQT) last issued its quarterly earnings data on Friday, March 28th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.02). LiqTech International had a negative net margin of 69.76% and a negative return on equity of 76.05%. The firm had revenue of $3.80 million during the quarter, compared to analyst estimates of $3.80 million. Analysts expect that LiqTech International will post -1.64 EPS for the current year.

Hedge Funds Weigh In On LiqTech International

A number of institutional investors have recently made changes to their positions in LIQT. Bleichroeder LP grew its position in shares of LiqTech International by 451.4% during the fourth quarter. Bleichroeder LP now owns 3,182,239 shares of the company’s stock worth $5,865,000 after buying an additional 2,605,129 shares in the last quarter. WealthTrust Axiom LLC boosted its stake in LiqTech International by 15.1% during the 4th quarter. WealthTrust Axiom LLC now owns 207,862 shares of the company’s stock valued at $383,000 after acquiring an additional 27,300 shares during the last quarter. Geode Capital Management LLC grew its holdings in LiqTech International by 73.9% during the 4th quarter. Geode Capital Management LLC now owns 63,799 shares of the company’s stock worth $116,000 after acquiring an additional 27,120 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in shares of LiqTech International by 49.2% in the 4th quarter. HighTower Advisors LLC now owns 57,599 shares of the company’s stock worth $106,000 after purchasing an additional 19,000 shares during the last quarter. 35.06% of the stock is owned by institutional investors and hedge funds.

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.