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

Equities researchers at StockNews.com initiated coverage on shares of LiqTech International (NASDAQ:LIQT) in a report issued on Thursday. The brokerage set a “sell” rating on the stock.

A number of other brokerages have also recently issued reports on LIQT. 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. Ascendiant Capital Markets dropped their target price on 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 Price Performance

Shares of NASDAQ:LIQT opened at $1.89 on Thursday. The firm has a market capitalization of $17.86 million, a PE ratio of -1.04 and a beta of 1.03. 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 1-year low of $1.51 and a 1-year high of $3.61. The business’s 50 day moving average is $1.86 and its 200-day moving average is $2.25.

Hedge Funds Weigh In On LiqTech International

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC raised its position in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,599 shares of the company’s stock after buying an additional 11,043 shares during the period. HighTower Advisors LLC owned about 0.66% of LiqTech International worth $99,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.