StockNews.com Begins Coverage on LiqTech International (NASDAQ:LIQT)

StockNews.com initiated coverage on shares of LiqTech International (NASDAQ:LIQT) in a research note published on Wednesday. The brokerage issued a sell rating on the stock.

Separately, Ascendiant Capital Markets began coverage on LiqTech International in a report on Monday, February 26th. They set a buy rating and a $5.15 target price on the stock.

LiqTech International Stock Performance

LiqTech International stock opened at $2.63 on Wednesday. The company has a fifty day simple moving average of $2.99 and a 200 day simple moving average of $3.31. The company has a quick ratio of 2.24, a current ratio of 2.95 and a debt-to-equity ratio of 0.44. LiqTech International has a 1-year low of $2.55 and a 1-year high of $4.20.

LiqTech International (NASDAQ:LIQT) last announced its quarterly earnings results on Thursday, March 21st. The company reported ($0.56) EPS for the quarter. LiqTech International had a negative net margin of 47.61% and a negative return on equity of 43.92%. The firm had revenue of $3.93 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Mesirow Financial Investment Management Inc. acquired a new stake in LiqTech International during the first quarter worth approximately $46,000. WealthTrust Axiom LLC lifted its position in LiqTech International by 17.4% during the third quarter. WealthTrust Axiom LLC now owns 125,232 shares of the company’s stock worth $487,000 after purchasing an additional 18,600 shares during the period. Finally, Mission Wealth Management LP acquired a new stake in LiqTech International during the third quarter worth about $73,000. 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. It operates in three segments: Water, Ceramics, and Plastics.