LiqTech International (NASDAQ:LIQT) Director Peyton Boswell Buys 50,000 Shares of Stock

LiqTech International, Inc. (NASDAQ:LIQT) Director Peyton Boswell purchased 50,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were purchased at an average cost of $1.00 per share, with a total value of $50,000.00. Following the purchase, the director owned 171,305 shares of the company’s stock, valued at approximately $171,305. The trade was a 41.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

LiqTech International Price Performance

LIQT opened at $0.35 on Friday. The stock has a 50-day moving average price of $0.55 and a 200-day moving average price of $1.01. LiqTech International, Inc. has a 12-month low of $0.33 and a 12-month high of $2.58. The company has a current ratio of 4.37, a quick ratio of 3.43 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $11.58 million, a P/E ratio of -0.42 and a beta of 1.14.

LiqTech International (NASDAQ:LIQT) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.05. The firm had revenue of $4.36 million for the quarter, compared to analyst estimates of $6.00 million. LiqTech International had a negative return on equity of 69.03% and a negative net margin of 63.18%. Equities analysts predict that LiqTech International, Inc. will post -0.30 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Zacks Research raised shares of LiqTech International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Ascendiant Capital Markets lowered their price objective on shares of LiqTech International to $1.30 and set a “buy” rating for the company in a report on Friday, September 4th. Finally, Weiss Ratings cut shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1.30.

Institutional Investors Weigh In On LiqTech International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Clear Harbor Asset Management LLC purchased a new stake in LiqTech International during the 2nd quarter valued at about $52,000. Sequoia Financial Advisors LLC bought a new position in LiqTech International during the 2nd quarter worth approximately $424,000. Cable Car Capital LP bought a new position in LiqTech International during the 2nd quarter worth approximately $849,000. Finally, Alyeska Investment Group L.P. purchased a new position in LiqTech International in the 2nd quarter worth approximately $1,698,000. Institutional investors own 35.06% of the company’s stock.

LiqTech International Company Profile

LiqTech International, Inc is a clean-technology company that develops, manufactures and sells advanced filtration products based on silicon carbide (SiC) ceramic materials. Its technology is designed to provide high-performance filtration in applications where conventional materials may be less durable or effective.

The company’s primary products include SiC membrane systems for treating industrial and municipal wastewater, seawater, aquaculture water and other challenging water streams.