StockNews.com Initiates Coverage on LiqTech International (NASDAQ:LIQT)

Posted by on Jul 31st, 2023

Analysts at StockNews.com assumed coverage on shares of LiqTech International (NASDAQ:LIQT – Get Free Report) in a note issued to investors on Saturday. The firm set a “sell” rating on the stock.

LiqTech International Stock Performance

Shares of NASDAQ:LIQT opened at $3.72 on Friday. The firm has a market cap of $21.06 million, a PE ratio of -1.45 and a beta of 1.16. The firm’s 50 day simple moving average is $3.28 and its 200-day simple moving average is $3.34. LiqTech International has a one year low of $2.80 and a one year high of $4.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.37 and a current ratio of 4.04.

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

Hedge Funds Weigh In On LiqTech International

Several institutional investors have recently bought and sold shares of LIQT. Renaissance Technologies LLC purchased a new position in LiqTech International during the second quarter valued at approximately $196,000. Millennium Management LLC purchased a new position in LiqTech International during the second quarter valued at approximately $116,000. Virtu Financial LLC increased its holdings in LiqTech International by 239.8% during the second quarter. Virtu Financial LLC now owns 127,237 shares of the company’s stock valued at $57,000 after buying an additional 89,789 shares during the period. WealthTrust Axiom LLC increased its holdings in LiqTech International by 10.5% during the fourth quarter. WealthTrust Axiom LLC now owns 709,797 shares of the company’s stock valued at $270,000 after buying an additional 67,375 shares during the period. Finally, Meros Investment Management LP increased its holdings in LiqTech International by 12.9% during the first quarter. Meros Investment Management LP now owns 476,949 shares of the company’s stock valued at $1,168,000 after buying an additional 54,637 shares during the period.

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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