Ascendiant Capital Markets Cuts LiqTech International (NASDAQ:LIQT) Price Target to $1.30

LiqTech International (NASDAQ:LIQT) had its price objective lowered by Ascendiant Capital Markets to $1.30 in a report released on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

LIQT has been the subject of several other research reports. Weiss Ratings lowered shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 24th. Zacks Research raised shares of LiqTech International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $1.30.

LiqTech International Price Performance

Shares of NASDAQ:LIQT opened at $0.57 on Friday. The firm has a market cap of $18.62 million, a P/E ratio of -0.67 and a beta of 1.06. LiqTech International has a 12-month low of $0.52 and a 12-month high of $3.35. The business has a fifty day simple moving average of $0.66 and a 200 day simple moving average of $1.27. The company has a quick ratio of 3.43, a current ratio of 4.37 and a debt-to-equity ratio of 0.09.

LiqTech International (NASDAQ:LIQT) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.05. LiqTech International had a negative return on equity of 69.03% and a negative net margin of 63.18%.The company had revenue of $4.36 million during the quarter, compared to analysts’ expectations of $6.00 million. Analysts predict that LiqTech International will post -0.79 earnings per share for the current year.

Hedge Funds Weigh In On LiqTech International

A number of institutional investors and hedge funds have recently modified their holdings of the business. Alyeska Investment Group L.P. acquired a new stake in shares of LiqTech International during the 2nd quarter worth approximately $1,698,000. Cable Car Capital LP acquired a new position in shares of LiqTech International during the 2nd quarter valued at $849,000. Clear Harbor Asset Management LLC bought a new position in LiqTech International during the second quarter worth $52,000. Finally, StoneX Group Inc. bought a new position in LiqTech International during the fourth quarter worth $42,000. 35.06% of the stock is currently owned by institutional investors.

LiqTech International Company Profile

LiqTech International, Inc develops and manufactures advanced ceramic filtration systems that leverage proprietary silicon carbide (SiC) membranes to remove particulates and hydrophobic contaminants from a variety of fluid streams. The company’s core products include tubular ceramic membrane modules and complete filtration skids designed for applications where high chemical resistance, thermal stability and mechanical strength are required.

Their filtration solutions are utilized across multiple industries, including municipal and industrial water treatment, desalination pretreatment, produced water management in oil and gas operations, and process water recycling in power generation and chemical processing.