LiqTech International (NASDAQ:LIQT) Major Shareholder Buys $700,000.00 in Stock

LiqTech International, Inc. (NASDAQ:LIQT) major shareholder Lp Bleichroeder acquired 700,000 shares of the stock in a transaction on Friday, June 5th. The stock was bought at an average price of $1.00 per share, with a total value of $700,000.00. Following the completion of the acquisition, the insider directly owned 3,882,239 shares of the company’s stock, valued at $3,882,239. This trade represents a 22.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

LiqTech International Stock Down 10.9%

NASDAQ:LIQT traded down $0.10 during mid-day trading on Tuesday, hitting $0.80. 496,602 shares of the company’s stock were exchanged, compared to its average volume of 127,211. LiqTech International, Inc. has a one year low of $0.74 and a one year high of $3.35. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.50 and a quick ratio of 1.35. The business has a fifty day moving average price of $1.83 and a 200 day moving average price of $1.75. The company has a market cap of $7.92 million, a PE ratio of -0.86 and a beta of 1.01.

LiqTech International (NASDAQ:LIQT) last released its earnings results on Wednesday, May 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.07). LiqTech International had a negative net margin of 55.45% and a negative return on equity of 79.64%. The business had revenue of $4.14 million for the quarter, compared to analysts’ expectations of $4.50 million. Equities analysts predict that LiqTech International, Inc. will post -0.79 EPS for the current year.

Hedge Funds Weigh In On LiqTech International

A hedge fund recently bought a new stake in LiqTech International stock. StoneX Group Inc. bought a new stake in shares of LiqTech International, Inc. (NASDAQ:LIQT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned about 0.30% of LiqTech International as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 35.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LIQT shares. Weiss Ratings lowered shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Ascendiant Capital Markets lifted their target price on shares of LiqTech International from $4.30 to $4.40 and gave the company a “buy” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.40.

About LiqTech International

LiqTech International, Inc develops and manufactures advanced ceramic filtration systems that leverage proprietary silicon carbide (SiC) membranes to remove particulates and hydrophobic contaminants from a variety of fluid streams. The company’s core products include tubular ceramic membrane modules and complete filtration skids designed for applications where high chemical resistance, thermal stability and mechanical strength are required.

Their filtration solutions are utilized across multiple industries, including municipal and industrial water treatment, desalination pretreatment, produced water management in oil and gas operations, and process water recycling in power generation and chemical processing.