LiqTech International (NASDAQ:LIQT) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of LiqTech International (NASDAQ:LIQT) in a research report sent to investors on Tuesday. The brokerage issued a sell rating on the stock.

Several other analysts also recently issued reports on LIQT. Lake Street Capital reduced their price target on LiqTech International from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Ascendiant Capital Markets reduced their target price on shares of LiqTech International from $5.15 to $3.20 and set a “buy” rating for the company in a research report on Monday.

LiqTech International Stock Up 6.0 %

LiqTech International stock opened at $1.85 on Tuesday. The company’s 50-day moving average price is $2.14 and its two-hundred day moving average price is $2.36. The company has a quick ratio of 1.62, a current ratio of 2.66 and a debt-to-equity ratio of 0.60. The stock has a market cap of $17.48 million, a P/E ratio of -1.02 and a beta of 0.98. LiqTech International has a twelve month low of $1.51 and a twelve month high of $3.74.

Institutional Investors Weigh In On LiqTech International

An institutional investor recently raised its position in LiqTech International stock. HighTower Advisors LLC lifted its stake in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,599 shares of the company’s stock after purchasing an additional 11,043 shares during the quarter. HighTower Advisors LLC owned 0.66% of LiqTech International worth $99,000 as of its most recent SEC filing. 35.06% of the stock is owned by hedge funds and other institutional investors.

About LiqTech International

LiqTech International, Inc, a clean technology company, designs, develops, produces, markets, and sells automated filtering systems, ceramic silicon carbide liquid applications, and diesel particulate air filters in the United States, Canada, Europe, Asia, and South America. The company operates through Water, Ceramics, and Plastics segments.