Brokerages expect that LiqTech International Inc (NYSE:LIQT) will post sales of $4.20 million for the current quarter, according to Zacks. Two analysts have issued estimates for LiqTech International’s earnings. The highest sales estimate is $4.40 million and the lowest is $4.00 million. LiqTech International reported sales of $3.69 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.8%. The company is expected to announce its next earnings results on Monday, November 13th.

On average, analysts expect that LiqTech International will report full-year sales of $4.20 million for the current financial year, with estimates ranging from $14.89 million to $16.80 million. For the next year, analysts forecast that the business will report sales of $22.70 million per share, with estimates ranging from $21.00 million to $24.40 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow LiqTech International.

LiqTech International (NYSE:LIQT) last announced its quarterly earnings data on Monday, August 14th. The industrial goods maker reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The company had revenue of $2.93 million for the quarter, compared to analyst estimates of $3.10 million. LiqTech International had a negative return on equity of 80.04% and a negative net margin of 40.75%.

Separately, Zacks Investment Research upgraded shares of LiqTech International from a “sell” rating to a “buy” rating and set a $0.50 target price for the company in a research note on Tuesday, May 30th.

Shares of LiqTech International (LIQT) traded up 5.00% on Friday, reaching $0.42. 263,644 shares of the company’s stock traded hands. The firm’s market capitalization is $18.58 million. LiqTech International has a 52 week low of $0.25 and a 52 week high of $0.90. The company’s 50-day moving average is $0.36 and its 200-day moving average is $0.38.

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An institutional investor recently raised its position in LiqTech International stock. WealthTrust Axiom LLC grew its holdings in LiqTech International Inc (NYSE:LIQT) by 5.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 774,406 shares of the industrial goods maker’s stock after buying an additional 42,000 shares during the quarter. WealthTrust Axiom LLC owned 1.79% of LiqTech International worth $247,000 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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