Ascendiant Capital Markets Forecasts Strong Price Appreciation for LiqTech International (NASDAQ:LIQT) Stock

LiqTech International (NASDAQ:LIQT) had its price objective lifted by investment analysts at Ascendiant Capital Markets from $4.30 to $4.40 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Ascendiant Capital Markets’ target price would indicate a potential upside of 132.80% from the stock’s previous close.

Separately, Weiss Ratings upgraded LiqTech International from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 15th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.40.

LiqTech International Stock Down 1.0%

Shares of NASDAQ LIQT opened at $1.89 on Thursday. The company has a current ratio of 2.50, a quick ratio of 1.35 and a debt-to-equity ratio of 1.06. The company has a market cap of $18.81 million, a price-to-earnings ratio of -2.05 and a beta of 1.18. LiqTech International has a 12 month low of $1.22 and a 12 month high of $3.35. The stock has a 50-day moving average price of $1.88 and a two-hundred day moving average price of $1.84.

LiqTech International (NASDAQ:LIQT) last issued its earnings results on Wednesday, May 13th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.07). The business had revenue of $4.14 million for the quarter, compared to analyst estimates of $4.50 million. LiqTech International had a negative return on equity of 79.64% and a negative net margin of 55.45%. As a group, analysts forecast that LiqTech International will post -0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LiqTech International

A hedge fund recently bought a new stake in LiqTech International stock. StoneX Group Inc. purchased a new stake in LiqTech International, Inc. (NASDAQ:LIQT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned about 0.30% of LiqTech International at the end of the most recent quarter. 35.06% of the stock is currently owned by institutional investors and hedge funds.

LiqTech International Company Profile

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.