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

Equities researchers at StockNews.com began coverage on shares of LiqTech International (NASDAQ:LIQT) in a research note issued to investors on Wednesday. The firm set a “sell” rating on the stock.

A number of other research firms also recently commented on LIQT. Lake Street Capital dropped their price objective on LiqTech International from $9.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Ascendiant Capital Markets reissued a “buy” rating and issued a $5.15 price objective on shares of LiqTech International in a research report on Monday, August 26th.

LiqTech International Trading Up 0.6 %

Shares of LIQT opened at $1.64 on Wednesday. The stock has a fifty day moving average of $2.28 and a two-hundred day moving average of $2.40. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.85 and a current ratio of 2.66. The company has a market capitalization of $9.59 million, a PE ratio of -0.91 and a beta of 0.98. LiqTech International has a fifty-two week low of $1.51 and a fifty-two week high of $3.74.

Hedge Funds Weigh In On LiqTech International

An institutional investor recently raised its position in LiqTech International stock. HighTower Advisors LLC grew its holdings in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,599 shares of the company’s stock after buying an additional 11,043 shares during the period. HighTower Advisors LLC owned 0.66% of LiqTech International worth $99,000 as of its most recent filing with the Securities and Exchange Commission. 35.06% of the stock is owned by institutional investors.

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.