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

StockNews.com initiated coverage on shares of LiqTech International (NASDAQ:LIQT) in a research note issued to investors on Sunday morning. The firm issued a sell rating on the stock.

Several other research firms have also weighed in on LIQT. Lake Street Capital lowered their price target on LiqTech International from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Ascendiant Capital Markets reduced their target price on shares of LiqTech International from $5.15 to $3.20 and set a “buy” rating on the stock in a research note on Monday, November 25th.

LiqTech International Trading Up 1.0 %

LIQT opened at $2.11 on Friday. The stock has a 50-day moving average of $2.00 and a 200 day moving average of $2.32. The company has a current ratio of 2.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.60. LiqTech International has a 12 month low of $1.51 and a 12 month high of $3.61. The firm has a market cap of $19.94 million, a P/E ratio of -1.16 and a beta of 1.03.

Hedge Funds Weigh In On LiqTech International

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC raised its holdings in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in the 3rd 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 purchasing an additional 11,043 shares during the quarter. HighTower Advisors LLC owned 0.66% of LiqTech International worth $99,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 35.06% of the company’s stock.

About LiqTech International

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.