LiqTech International (NASDAQ:LIQT) Director Acquires $50,000.00 in Stock

LiqTech International, Inc. (NASDAQ:LIQT) Director Peyton Boswell bought 50,000 shares of the stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost of $1.00 per share, with a total value of $50,000.00. Following the completion of the purchase, the director directly owned 171,305 shares in the company, valued at approximately $171,305. This trade represents a 41.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

LiqTech International Stock Down 3.7%

Shares of LIQT stock traded down $0.01 on Thursday, reaching $0.35. 142,981 shares of the stock were exchanged, compared to its average volume of 578,860. LiqTech International, Inc. has a one year low of $0.33 and a one year high of $2.58. 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 stock has a 50 day moving average price of $0.55 and a 200 day moving average price of $1.01.

LiqTech International (NASDAQ:LIQT) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.05. LiqTech International had a negative return on equity of 69.03% and a negative net margin of 63.18%. The business had revenue of $4.36 million for the quarter, compared to analyst estimates of $6.00 million. On average, sell-side analysts anticipate that LiqTech International, Inc. will post -0.30 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Weiss Ratings cut LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 24th. Zacks Research upgraded shares of LiqTech International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Finally, Ascendiant Capital Markets reduced their target price on shares of LiqTech International to $1.30 and set a “buy” rating on the stock in a research note on Friday, September 4th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, LiqTech International has an average rating of “Hold” and a consensus price target of $1.30.

Hedge Funds Weigh In On LiqTech International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. acquired a new stake in LiqTech International during the 2nd quarter worth $1,698,000. Cable Car Capital LP bought a new stake in shares of LiqTech International during the 2nd quarter valued at $849,000. Sequoia Financial Advisors LLC bought a new stake in shares of LiqTech International during the 2nd quarter valued at $424,000. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of LiqTech International during the 2nd quarter valued at $52,000. 35.06% of the stock is owned by institutional investors.

LiqTech International Company Profile

LiqTech International, Inc is a clean-technology company that develops, manufactures and sells advanced filtration products based on silicon carbide (SiC) ceramic materials. Its technology is designed to provide high-performance filtration in applications where conventional materials may be less durable or effective.

The company’s primary products include SiC membrane systems for treating industrial and municipal wastewater, seawater, aquaculture water and other challenging water streams.