LiqTech International (NASDAQ:LIQT) Director Peyton Boswell Buys 50,000 Shares of Stock

LiqTech International, Inc. (NASDAQ:LIQT) Director Peyton Boswell acquired 50,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were purchased at an average cost of $1.00 per share, for a total transaction of $50,000.00. Following the completion of the purchase, the director directly owned 171,305 shares of the company’s stock, valued at approximately $171,305. The trade was a 41.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

LiqTech International Trading Down 3.7%

Shares of NASDAQ LIQT traded down $0.01 during mid-day trading on Thursday, hitting $0.35. 142,981 shares of the stock were exchanged, compared to its average volume of 578,860. The stock’s fifty day simple moving average is $0.55 and its two-hundred day simple moving average is $1.01. 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, Inc. has a twelve month low of $0.33 and a twelve month high of $2.58.

LiqTech International (NASDAQ:LIQT) last posted its earnings results on Thursday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The company had revenue of $4.36 million during 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%. As a group, equities research analysts forecast that LiqTech International, Inc. will post -0.30 EPS for the current year.

Hedge Funds Weigh In On LiqTech International

Large investors have recently modified their holdings of the stock. Clear Harbor Asset Management LLC bought a new stake in shares of LiqTech International during the second quarter valued at approximately $52,000. Sequoia Financial Advisors LLC acquired a new stake in shares of LiqTech International in the second quarter valued at approximately $424,000. Cable Car Capital LP acquired a new stake in shares of LiqTech International in the second quarter valued at approximately $849,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of LiqTech International in the second quarter valued at approximately $1,698,000. 35.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LIQT has been the subject of several research analyst reports. Zacks Research upgraded LiqTech International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Weiss Ratings cut LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 24th. Finally, Ascendiant Capital Markets lowered their target price on LiqTech International to $1.30 and set a “buy” rating for the company in a research note on Friday, September 4th. One equities 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1.30.

LiqTech International Company Profile

LiqTech International, Inc is a clean-technology company that develops, manufactures and sells advanced filtration products based on silicon carbide (SiC) ceramic materials. Its technology is designed to provide high-performance filtration in applications where conventional materials may be less durable or effective.

The company’s primary products include SiC membrane systems for treating industrial and municipal wastewater, seawater, aquaculture water and other challenging water streams.