LiqTech International (NASDAQ:LIQT) Major Shareholder Lp Bleichroeder Buys 700,000 Shares

LiqTech International, Inc. (NASDAQ:LIQT) major shareholder Lp Bleichroeder acquired 700,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was bought at an average price of $1.00 per share, for a total transaction of $700,000.00. Following the acquisition, the insider owned 3,882,239 shares of the company’s stock, valued at approximately $3,882,239. This trade represents a 22.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

LiqTech International Trading Down 10.9%

Shares of LIQT traded down $0.10 during trading hours on Tuesday, hitting $0.80. The company had a trading volume of 496,602 shares, compared to its average volume of 127,211. The firm has a market cap of $7.92 million, a P/E ratio of -0.86 and a beta of 1.01. The stock’s 50 day moving average price is $1.83 and its 200 day moving average price is $1.75. The company has a quick ratio of 1.35, a current ratio of 2.50 and a debt-to-equity ratio of 1.06. LiqTech International, Inc. has a 52-week low of $0.74 and a 52-week high of $3.35.

LiqTech International (NASDAQ:LIQT) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.07). The company had revenue of $4.14 million during the quarter, compared to analysts’ expectations of $4.50 million. LiqTech International had a negative return on equity of 79.64% and a negative net margin of 55.45%. On average, research analysts predict that LiqTech International, Inc. will post -0.79 EPS for the current year.

Institutional Trading of LiqTech International

An institutional investor recently bought a new position in LiqTech International stock. StoneX Group Inc. acquired a new position in LiqTech International, Inc. (NASDAQ:LIQT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned 0.30% of LiqTech International at the end of the most recent reporting period. Institutional investors and hedge funds own 35.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings lowered shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Ascendiant Capital Markets increased their target price on shares of LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a report on Thursday, May 21st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, LiqTech International presently has an average rating of “Hold” and an average 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.