LiqTech International (NASDAQ:LIQT) Research Coverage Started at StockNews.com

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

LiqTech International Trading Down 4.8 %

Shares of LIQT stock opened at $3.57 on Monday. The stock has a 50-day simple moving average of $3.78 and a 200 day simple moving average of $3.59. LiqTech International has a fifty-two week low of $2.80 and a fifty-two week high of $4.66. The stock has a market capitalization of $20.45 million, a P/E ratio of -3.08 and a beta of 0.98. The company has a quick ratio of 2.59, a current ratio of 3.18 and a debt-to-equity ratio of 0.39.

Institutional Investors Weigh In On LiqTech International

Several hedge funds have recently bought and sold shares of the business. WealthTrust Axiom LLC raised its stake in shares of LiqTech International by 7.5% during the 1st quarter. WealthTrust Axiom LLC now owns 763,297 shares of the company’s stock worth $359,000 after purchasing an additional 53,500 shares in the last quarter. Meros Investment Management LP raised its stake in shares of LiqTech International by 12.9% during the 1st quarter. Meros Investment Management LP now owns 476,949 shares of the company’s stock worth $1,168,000 after purchasing an additional 54,637 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of LiqTech International during the 2nd quarter worth about $196,000. Millennium Management LLC purchased a new stake in shares of LiqTech International during the 2nd quarter worth about $116,000. Finally, Virtu Financial LLC raised its stake in shares of LiqTech International by 239.8% during the 2nd quarter. Virtu Financial LLC now owns 127,237 shares of the company’s stock worth $57,000 after purchasing an additional 89,789 shares in the last quarter. 20.62% of the stock is owned by hedge funds and other institutional investors.

LiqTech International Company Profile

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. It operates in three segments: Water, Ceramics, and Plastics.