StockNews.com Begins Coverage on LiqTech International (NASDAQ:LIQT)

StockNews.com started coverage on shares of LiqTech International (NASDAQ:LIQT) in a report issued on Thursday morning. The brokerage issued a sell rating on the stock.

Separately, Ascendiant Capital Markets assumed coverage on shares of LiqTech International in a research note on Monday, February 26th. They issued a buy rating and a $5.15 price objective for the company.

LiqTech International Trading Up 5.8 %

LiqTech International stock opened at $2.75 on Thursday. The company has a 50 day moving average price of $3.08 and a 200-day moving average price of $3.36. The company has a quick ratio of 2.24, a current ratio of 2.95 and a debt-to-equity ratio of 0.44. LiqTech International has a fifty-two week low of $2.55 and a fifty-two week high of $4.20.

LiqTech International (NASDAQ:LIQT) last posted its quarterly earnings results on Thursday, March 21st. The company reported ($0.56) earnings per share for the quarter. The company had revenue of $3.93 million for the quarter. LiqTech International had a negative net margin of 47.61% and a negative return on equity of 43.92%.

Hedge Funds Weigh In On LiqTech International

Large investors have recently made changes to their positions in the business. Mission Wealth Management LP acquired a new position in shares of LiqTech International during the third quarter worth $73,000. Virtu Financial LLC acquired a new position in shares of LiqTech International during the first quarter worth $92,000. WealthTrust Axiom LLC increased its position in shares of LiqTech International by 17.4% during the third quarter. WealthTrust Axiom LLC now owns 125,232 shares of the company’s stock worth $487,000 after purchasing an additional 18,600 shares in the last quarter. Millennium Management LLC acquired a new position in shares of LiqTech International during the second quarter worth $116,000. Finally, Renaissance Technologies LLC acquired a new position in shares of LiqTech International during the second quarter worth $196,000. 35.06% of the stock is owned by institutional investors and hedge funds.

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.