Ascendiant Capital Markets Issues Pessimistic Forecast for LiqTech International (NASDAQ:LIQT) Stock Price

LiqTech International (NASDAQ:LIQT) had its price objective cut by analysts at Ascendiant Capital Markets from $5.15 to $3.20 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Ascendiant Capital Markets’ price objective points to a potential upside of 83.38% from the company’s current price.

Other research analysts have also recently issued reports about the stock. StockNews.com began coverage on shares of LiqTech International in a research note on Wednesday, November 20th. They set a “sell” rating for the company. Lake Street Capital dropped their price objective on shares of LiqTech International from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, October 10th.

LiqTech International Trading Up 0.3 %

Shares of LIQT opened at $1.75 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.66 and a quick ratio of 1.62. The firm has a 50 day simple moving average of $2.20 and a 200-day simple moving average of $2.38. LiqTech International has a 1-year low of $1.51 and a 1-year high of $3.74. The stock has a market cap of $16.49 million, a price-to-earnings ratio of -0.94 and a beta of 0.98.

Institutional Trading of LiqTech International

An institutional investor recently raised its position in LiqTech International stock. HighTower Advisors LLC increased its position 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 SEC. The fund owned 38,599 shares of the company’s stock after acquiring an additional 11,043 shares during the quarter. HighTower Advisors LLC owned approximately 0.66% of LiqTech International worth $99,000 as of its most recent filing with the SEC. 35.06% of the stock is owned by hedge funds and other 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.