LiqTech International (NASDAQ:LIQT) Price Target Cut to $3.20 by Analysts at Ascendiant Capital Markets

LiqTech International (NASDAQ:LIQT) had its price target decreased by Ascendiant Capital Markets from $5.15 to $3.20 in a report released on Monday,Benzinga reports. Ascendiant Capital Markets currently has a buy rating on the stock.

LIQT has been the subject of several other reports. Lake Street Capital lowered their price target 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. StockNews.com started coverage on LiqTech International in a research note on Wednesday, November 20th. They issued a “sell” rating for the company.

LiqTech International Stock Up 6.0 %

Shares of LIQT opened at $1.85 on Monday. LiqTech International has a 1 year low of $1.51 and a 1 year high of $3.74. 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 stock has a 50 day simple moving average of $2.16 and a two-hundred day simple moving average of $2.36. The firm has a market cap of $17.48 million, a P/E ratio of -1.02 and a beta of 0.98.

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 third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,599 shares of the company’s stock after purchasing 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 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.