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

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

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

LiqTech International Stock Performance

NASDAQ:LIQT opened at $1.78 on Monday. LiqTech International has a 1 year low of $1.51 and a 1 year high of $3.60. The firm’s fifty day simple moving average is $1.84 and its 200 day simple moving average is $2.22. The company has a current ratio of 2.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $16.82 million, a PE ratio of -0.98 and a beta of 1.00.

Hedge Funds Weigh In On LiqTech International

An institutional investor recently raised its position in LiqTech International stock. HighTower Advisors LLC lifted its holdings in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 38,599 shares of the company’s stock after acquiring an additional 11,043 shares during the period. 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 currently 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.