LiqTech International Inc (LIQT) Stock Price Down 7.5%

LiqTech International Inc (NYSEAMERICAN:LIQT)’s share price traded down 7.5% on Thursday . The company traded as low as $0.35 and last traded at $0.37. 937,100 shares changed hands during mid-day trading, an increase of 819% from the average session volume of 101,975 shares. The stock had previously closed at $0.40.

LiqTech International (NYSEAMERICAN:LIQT) last announced its earnings results on Monday, August 14th. The industrial goods maker reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). The company had revenue of $2.93 million during the quarter, compared to analyst estimates of $3.10 million. LiqTech International had a negative return on equity of 80.04% and a negative net margin of 40.75%.

A hedge fund recently raised its stake in LiqTech International stock. WealthTrust Axiom LLC lifted its holdings in shares of LiqTech International Inc (NYSEAMERICAN:LIQT) by 5.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 774,406 shares of the industrial goods maker’s stock after buying an additional 42,000 shares during the period. WealthTrust Axiom LLC owned about 1.79% of LiqTech International worth $247,000 at the end of the most recent quarter.

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About LiqTech International

LiqTech International, Inc is a clean technology company that provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters. The Company develops and manufactures products of re-crystallized silicon carbide. It specializes in two business areas, which include ceramic membranes for liquid filtration, and diesel particulate filters (DPFs) for the control of soot exhaust particles from diesel engines.

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