LiqTech International (NASDAQ:LIQT) Upgraded at Zacks Research

LiqTech International (NASDAQ:LIQT) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other research analysts have also issued reports on LIQT. Ascendiant Capital Markets increased their target price on LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Weiss Ratings lowered LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4.40.

LiqTech International Trading Down 6.9%

Shares of LIQT opened at $0.52 on Monday. LiqTech International has a 1-year low of $0.52 and a 1-year high of $3.35. The company has a current ratio of 4.37, a quick ratio of 3.43 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $0.74 and its 200-day moving average price is $1.38. The firm has a market capitalization of $5.19 million, a price-to-earnings ratio of -0.62 and a beta of 1.05.

LiqTech International (NASDAQ:LIQT) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. LiqTech International had a negative net margin of 63.18% and a negative return on equity of 69.03%. The company had revenue of $4.36 million during the quarter, compared to the consensus estimate of $6.00 million. Sell-side analysts anticipate that LiqTech International will post -0.79 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Lp Bleichroeder acquired 700,000 shares of LiqTech International stock in a transaction that occurred 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 transaction, the insider directly owned 3,882,239 shares in the company, valued at approximately $3,882,239. This represents a 22.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 12.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LiqTech International

Institutional investors have recently modified their holdings of the stock. Cable Car Capital LP bought a new position in shares of LiqTech International during the second quarter valued at $849,000. Clear Harbor Asset Management LLC bought a new position in LiqTech International in the 2nd quarter worth about $52,000. Finally, StoneX Group Inc. purchased a new stake in LiqTech International during the 4th quarter valued at about $42,000. 35.06% of the stock is owned by hedge funds and other institutional investors.

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.