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

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

Several other equities analysts have also commented on the stock. Lake Street Capital decreased their price objective on shares of LiqTech International from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Ascendiant Capital Markets decreased their price objective on LiqTech International from $5.15 to $3.20 and set a “buy” rating for the company in a research note on Monday, November 25th.

LiqTech International Stock Up 9.2 %

LIQT stock opened at $1.89 on Thursday. LiqTech International has a one year low of $1.51 and a one year high of $3.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.62 and a current ratio of 2.66. The firm has a market cap of $17.86 million, a PE ratio of -1.04 and a beta of 1.03. The firm’s 50 day moving average price is $1.85 and its 200-day moving average price is $2.25.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC boosted its holdings in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% during the 3rd quarter, according to its most recent 13F filing with the 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 approximately 0.66% of LiqTech International worth $99,000 as of its most recent filing with the SEC. 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.