LiqTech International (NASDAQ:LIQT) Upgraded to “Hold” at Zacks Research

LiqTech International (NASDAQ:LIQT) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Weiss Ratings downgraded shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 24th. Ascendiant Capital Markets boosted their price target on shares of LiqTech International from $4.30 to $4.40 and gave the company a “buy” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, LiqTech International presently has a consensus rating of “Hold” and an average price target of $4.40.

LiqTech International Stock Performance

Shares of LIQT opened at $0.52 on Monday. The firm has a market cap of $5.19 million, a PE ratio of -0.62 and a beta of 1.05. The stock’s fifty day moving average price is $0.74 and its two-hundred day moving average price is $1.38. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.37 and a quick ratio of 3.43. LiqTech International has a 1 year low of $0.52 and a 1 year high of $3.35.

LiqTech International (NASDAQ:LIQT) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The firm had revenue of $4.36 million for the quarter, compared to analysts’ expectations of $6.00 million. LiqTech International had a negative return on equity of 69.03% and a negative net margin of 63.18%. On average, equities research analysts forecast that LiqTech International will post -0.79 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Lp Bleichroeder purchased 700,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $1.00 per share, with a total value of $700,000.00. Following the acquisition, the insider directly owned 3,882,239 shares of the company’s stock, valued at approximately $3,882,239. This represents a 22.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LiqTech International

A number of hedge funds and other institutional investors have recently modified their holdings of LIQT. Cable Car Capital LP purchased a new stake in shares of LiqTech International in the 2nd quarter valued at $849,000. Clear Harbor Asset Management LLC purchased a new stake in LiqTech International in the 2nd quarter worth approximately $52,000. Finally, StoneX Group Inc. bought a new stake in shares of LiqTech International in the 4th quarter worth approximately $42,000. 35.06% of the stock is currently owned by hedge funds and other institutional investors.

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.