LiqTech International (NASDAQ:LIQT) Director Purchases $50,000.00 in Stock

LiqTech International, Inc. (NASDAQ:LIQT) Director Robert Wowk purchased 50,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was purchased at an average price of $1.00 per share, for a total transaction of $50,000.00. Following the acquisition, the director owned 50,000 shares of the company’s stock, valued at approximately $50,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

LiqTech International Trading Up 3.8%

Shares of LiqTech International stock opened at $0.57 on Friday. The stock has a market capitalization of $18.95 million, a PE ratio of -0.68 and a beta of 1.05. LiqTech International, Inc. has a 52 week low of $0.52 and a 52 week high of $3.35. The stock has a 50 day moving average price of $0.72 and a two-hundred day moving average price of $1.35. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.43 and a current ratio of 4.37.

LiqTech International (NASDAQ:LIQT) last issued its earnings results on Wednesday, August 12th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. LiqTech International had a negative return on equity of 69.03% and a negative net margin of 63.18%.The company had revenue of $4.36 million for the quarter, compared to analyst estimates of $6.00 million. As a group, equities analysts anticipate that LiqTech International, Inc. will post -0.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LiqTech International

Several large investors have recently bought and sold shares of LIQT. StoneX Group Inc. purchased a new position in LiqTech International during the 4th quarter worth $42,000. Clear Harbor Asset Management LLC purchased a new stake in shares of LiqTech International in the second quarter valued at about $52,000. Cable Car Capital LP bought a new position in shares of LiqTech International during the second quarter valued at about $849,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of LiqTech International during the second quarter valued at about $1,698,000. 35.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LIQT. Zacks Research raised shares of LiqTech International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Weiss Ratings cut shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 24th. Finally, Ascendiant Capital Markets lifted their price target on LiqTech International from $4.30 to $4.40 and gave the company a “buy” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, LiqTech International currently has an average rating of “Hold” and a consensus target price of $4.40.

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.