LiqTech International (NASDAQ:LIQT) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of LiqTech International (NASDAQ:LIQT) in a research report released on Wednesday morning. The brokerage issued a sell rating on the stock.

Several other research analysts have also commented on the stock. Lake Street Capital dropped their price target 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 reiterated a “buy” rating and issued a $5.15 price objective on shares of LiqTech International in a report on Monday, August 26th.

LiqTech International Stock Down 5.8 %

LIQT opened at $1.63 on Wednesday. The company has a market capitalization of $9.53 million, a PE ratio of -0.92 and a beta of 0.98. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.74 and a quick ratio of 1.85. LiqTech International has a fifty-two week low of $1.51 and a fifty-two week high of $3.74. The business has a 50-day moving average of $2.30 and a 200-day moving average of $2.41.

Hedge Funds Weigh In On 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% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 35.06% of the company’s stock.

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.