Ascendiant Capital Markets Lowers LiqTech International (NASDAQ:LIQT) Price Target to $1.30

LiqTech International (NASDAQ:LIQT) had its price target cut by research analysts at Ascendiant Capital Markets from $4.40 to $1.30 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Ascendiant Capital Markets’ target price suggests a potential upside of 128.51% from the company’s previous close.

LIQT has been the subject of several other reports. Zacks Research raised shares of LiqTech International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Weiss Ratings lowered LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $1.30.

LiqTech International Trading Up 3.0%

Shares of LIQT stock opened at $0.57 on Friday. The company has a market capitalization of $18.75 million, a price-to-earnings ratio of -0.68 and a beta of 1.06. The company has a current ratio of 4.37, a quick ratio of 3.43 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $0.67 and a 200 day moving average price of $1.28. LiqTech International has a twelve month low of $0.52 and a twelve month high of $3.35.

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

Institutional Investors Weigh In On LiqTech International

Hedge funds have recently modified their holdings of the stock. Alyeska Investment Group L.P. acquired a new stake in shares of LiqTech International during the 2nd quarter worth $1,698,000. Cable Car Capital LP purchased a new position in shares of LiqTech International in the 2nd quarter worth $849,000. StoneX Group Inc. acquired a new position in LiqTech International in the fourth quarter valued at $42,000. Finally, Clear Harbor Asset Management LLC acquired a new position in LiqTech International in the second quarter valued at $52,000. 35.06% of the stock is 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.