LiqTech International (NASDAQ:LIQT) Coverage Initiated at StockNews.com

Posted by on Jul 22nd, 2023

Stock analysts at StockNews.com started coverage on shares of LiqTech International (NASDAQ:LIQT – Get Free Report) in a research report issued on Thursday. The brokerage set a “sell” rating on the stock.

LiqTech International Trading Down 3.0 %

Shares of LIQT opened at $3.28 on Thursday. LiqTech International has a 1 year low of $2.80 and a 1 year high of $4.66. The company has a current ratio of 4.04, a quick ratio of 3.37 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $3.33 and a 200-day simple moving average of $3.34. The stock has a market cap of $18.56 million, a PE ratio of -1.28 and a beta of 1.16.

LiqTech International (NASDAQ:LIQT – Get Free Report) last released its quarterly earnings results on Thursday, May 11th. The company reported ($0.40) earnings per share for the quarter. LiqTech International had a negative net margin of 78.33% and a negative return on equity of 47.54%. The business had revenue of $4.01 million for the quarter.

Institutional Investors Weigh In On LiqTech International

Hedge funds and other institutional investors have recently made changes to their positions in the company. WealthTrust Axiom LLC boosted its position in shares of LiqTech International by 10.5% in the 4th quarter. WealthTrust Axiom LLC now owns 709,797 shares of the company’s stock worth $270,000 after purchasing an additional 67,375 shares during the last quarter. Meros Investment Management LP lifted its holdings in shares of LiqTech International by 12.9% in the first quarter. Meros Investment Management LP now owns 476,949 shares of the company’s stock valued at $1,168,000 after purchasing an additional 54,637 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of LiqTech International in the second quarter valued at about $196,000. Millennium Management LLC acquired a new stake in shares of LiqTech International in the second quarter valued at about $116,000. Finally, Virtu Financial LLC acquired a new stake in shares of LiqTech International in the first quarter valued at about $92,000.

About LiqTech International

(Get Free Report)

LiqTech International, Inc, a clean technology company, designs, develops, produces, markets, and sells automated filtering systems, ceramic silicon carbide liquid applications, and diesel particulate air filters in the United States, Canada, Europe, Asia, and South America. It operates in three segments: Water, Ceramics, and Plastics.

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