LiqTech International (NASDAQ:LIQT) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of LiqTech International (NASDAQ:LIQT) from a strong sell rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

LIQT has been the subject of several other reports. Weiss Ratings lowered shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 24th. Ascendiant Capital Markets increased their price target on shares of LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a report on Thursday, May 21st. One 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, LiqTech International has a consensus rating of “Hold” and an average price target of $4.40.

LiqTech International Stock Performance

NASDAQ:LIQT opened at $0.52 on Monday. The business’s 50-day moving average price is $0.74 and its two-hundred day moving average price is $1.38. LiqTech International has a twelve month low of $0.52 and a twelve month high of $3.35. The stock has a market cap of $5.19 million, a P/E ratio of -0.62 and a beta of 1.05. 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 Wednesday, August 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The firm had revenue of $4.36 million during the quarter, compared to the consensus estimate of $6.00 million. LiqTech International had a negative return on equity of 69.03% and a negative net margin of 63.18%. As a group, equities analysts predict that LiqTech International will post -0.79 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Lp Bleichroeder acquired 700,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $1.00 per share, for a total transaction of $700,000.00. Following the completion of the acquisition, the insider owned 3,882,239 shares in the company, valued at approximately $3,882,239. This represents a 22.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On LiqTech International

A number of large investors have recently bought and sold shares of the stock. StoneX Group Inc. bought a new stake in LiqTech International in the fourth quarter valued at approximately $42,000. Cable Car Capital LP purchased a new position in shares of LiqTech International in the second quarter worth $849,000. Finally, Clear Harbor Asset Management LLC bought a new stake in LiqTech International during the 2nd quarter valued at $52,000. 35.06% of the stock is owned by hedge funds and other institutional investors.

About LiqTech International

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.