LiqTech International (NYSEAMERICAN:LIQT) Releases Quarterly Earnings Results, Meets Expectations

LiqTech International (NYSEAMERICAN:LIQT) issued its quarterly earnings data on Wednesday. The industrial goods maker reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01, reports. The company had revenue of $9.30 million during the quarter, compared to analysts’ expectations of $8.36 million.

Shares of NYSEAMERICAN LIQT opened at $7.68 on Friday. LiqTech International has a 1-year low of $3.60 and a 1-year high of $10.69.

Several analysts have recently commented on LIQT shares. Stephens started coverage on LiqTech International in a research note on Monday, July 8th. They issued an “overweight” rating and a $13.00 price objective for the company. Zacks Investment Research lowered LiqTech International from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $13.00 target price (up from $12.00) on shares of LiqTech International in a report on Tuesday, May 14th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $11.60.

LiqTech International Company Profile

LiqTech International, Inc, a clean technology company, provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters. The company manufactures and sells ceramic silicon carbide membranes and systems for liquid filtration under the LiqTech, Cometas, and Provital brand names, which are used for the filtration of produced water, pre-filtration of reverse osmosis drinking water, industrial applications, producing clean drinking water, and pool and spa water, as well as marine scrubber bleed water.

Further Reading: Catch-Up Contributions

Earnings History for LiqTech International (NYSEAMERICAN:LIQT)

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