LiqTech International Inc (LIQT) Lifted to “Hold” at Zacks Investment Research
LiqTech International Inc (NYSE:LIQT) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “LiqTech International, Inc. is a clean technology company. It engages in the provision of various technologies for the gas and liquid purification by manufacturing ceramic silicon carbide filters. The company sells its products to industrial customers in the United States, Canada, Europe, Asia, and South America. LiqTech International, Inc. is headquartered in Ballerup, Denmark. “
LiqTech International (NYSE:LIQT) opened at 0.7775 on Tuesday. The company’s market capitalization is $30.74 million. LiqTech International has a 12-month low of $0.55 and a 12-month high of $1.52. The company’s 50 day moving average price is $0.82 and its 200-day moving average price is $0.77.
LiqTech International (NYSE:LIQT) last released its quarterly earnings data on Thursday, August 11th. The company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.03. The company earned $4 million during the quarter, compared to the consensus estimate of $7.35 million. Equities analysts forecast that LiqTech International will post ($0.09) earnings per share for the current fiscal year.
An institutional investor recently raised its position in LiqTech International stock. WealthTrust Axiom LLC increased its stake in LiqTech International Inc (NYSE:LIQT) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 605,006 shares of the company’s stock after buying an additional 5,000 shares during the period. WealthTrust Axiom LLC owned about 1.53% of LiqTech International worth $363,000 as of its most recent filing with the SEC.
LiqTech International Company Profile
LiqTech International, Inc is a clean technology company that provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters. The Company develops and manufactures products of re-crystallized silicon carbide. It specializes in two business areas, which include ceramic membranes for liquid filtration, and diesel particulate filters (DPFs) for the control of soot exhaust particles from diesel engines.
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