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

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

Separately, Ascendiant Capital Markets reaffirmed a “buy” rating and issued a $5.15 price target on shares of LiqTech International in a research report on Monday.

LiqTech International Trading Up 3.4 %

Shares of NASDAQ:LIQT opened at $3.00 on Wednesday. The company has a quick ratio of 2.10, a current ratio of 2.93 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $2.32 and its 200 day moving average price is $2.66. The company has a market cap of $17.42 million, a PE ratio of -2.01 and a beta of 0.96. LiqTech International has a fifty-two week low of $1.90 and a fifty-two week high of $4.20.

Hedge Funds Weigh In On LiqTech International

A hedge fund recently raised its stake in LiqTech International stock. WealthTrust Axiom LLC grew its holdings in LiqTech International, Inc. (NASDAQ:LIQT) by 17.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,555 shares of the company’s stock after acquiring an additional 21,323 shares during the quarter. WealthTrust Axiom LLC owned 2.56% of LiqTech International worth $500,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 35.06% of the company’s stock.

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. The company operates through Water, Ceramics, and Plastics segments.