ValuEngine Upgrades LiqTech International (NASDAQ:LIQT) to Strong-Buy

LiqTech International (NASDAQ:LIQT) was upgraded by equities researchers at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, ValuEngine reports.

Separately, Stephens initiated coverage on shares of LiqTech International in a report on Tuesday, July 9th. They set an “overweight” rating and a $13.00 price target for the company.

LIQT stock traded up $0.30 during midday trading on Tuesday, hitting $7.50. The company had a trading volume of 5,398 shares, compared to its average volume of 188,816. LiqTech International has a 52 week low of $4.36 and a 52 week high of $10.69. The firm has a 50 day moving average price of $7.47. The company has a market capitalization of $147.95 million, a PE ratio of -30.75 and a beta of 1.08.

LiqTech International (NASDAQ:LIQT) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. LiqTech International had a negative return on equity of 14.51% and a negative net margin of 8.00%. The firm had revenue of $9.30 million during the quarter, compared to the consensus estimate of $8.36 million. As a group, analysts expect that LiqTech International will post 0.1 EPS for the current fiscal year.

About LiqTech International

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.

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