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

Research analysts at StockNews.com assumed coverage on shares of LiqTech International (NASDAQ:LIQT) in a note issued to investors on Monday. The firm set a “sell” rating on the stock.

Separately, Ascendiant Capital Markets started coverage on LiqTech International in a research report on Monday, February 26th. They set a “buy” rating and a $5.15 price target on the stock.

LiqTech International Price Performance

LIQT opened at $2.71 on Monday. LiqTech International has a twelve month low of $2.55 and a twelve month high of $4.20. The company has a current ratio of 2.95, a quick ratio of 2.24 and a debt-to-equity ratio of 0.44. The firm has a market cap of $15.75 million, a price-to-earnings ratio of -1.83 and a beta of 0.78. The company has a fifty day simple moving average of $2.91 and a 200 day simple moving average of $3.26.

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

Institutional Investors Weigh In On LiqTech International

A hedge fund recently bought a new stake in LiqTech International stock. Mesirow Financial Investment Management Inc. acquired a new position in shares of LiqTech International, Inc. (NASDAQ:LIQT) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 14,903 shares of the company’s stock, valued at approximately $46,000. Mesirow Financial Investment Management Inc. owned approximately 0.26% of LiqTech International as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 35.06% of the company’s stock.

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