Zacks Investment Research downgraded shares of LiqTech International Inc (NYSE:LIQT) from a hold rating to a strong sell rating in a research report report published on Thursday.

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 0.658 on Thursday. The firm’s market capitalization is $26.01 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 $0.76 and its 200-day moving average price is $0.77.

LiqTech International (NYSE:LIQT) last announced its quarterly earnings results on Monday, November 14th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.03. The business earned $3.70 million during the quarter, compared to analysts’ expectations of $5.50 million. Equities analysts expect that LiqTech International will post ($0.11) EPS for the current fiscal year.

A hedge fund recently raised its stake in LiqTech International stock. WealthTrust Axiom LLC boosted its stake in shares of LiqTech International Inc (NYSE:LIQT) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 approximately 1.53% of LiqTech International worth $363,000 at the end of the most recent reporting period.

About LiqTech International

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.

5 Day Chart for NYSE:LIQT

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