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

Posted by on Aug 14th, 2023

Stock analysts at StockNews.com began coverage on shares of LiqTech International (NASDAQ:LIQT – Get Free Report) in a report released on Saturday. The firm set a “sell” rating on the stock.

LiqTech International Stock Performance

Shares of NASDAQ LIQT opened at $3.75 on Friday. The stock has a 50 day moving average price of $3.55 and a 200 day moving average price of $3.43. LiqTech International has a 52 week low of $2.80 and a 52 week 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. The stock has a market capitalization of $21.22 million, a PE ratio of -3.05 and a beta of 1.16.

LiqTech International (NASDAQ:LIQT – Get Free Report) last released its quarterly earnings data on Thursday, May 11th. The company reported ($0.40) earnings per share (EPS) for the quarter. The business had revenue of $4.01 million during the quarter. LiqTech International had a negative net margin of 48.14% and a negative return on equity of 34.26%.

Institutional Trading of LiqTech International

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in LiqTech International in the first quarter valued at approximately $92,000. Millennium Management LLC bought a new position in shares of LiqTech International during the second quarter worth approximately $116,000. Renaissance Technologies LLC bought a new position in shares of LiqTech International during the second quarter worth approximately $196,000. Meros Investment Management LP increased its stake in shares of LiqTech International by 12.9% during the first quarter. Meros Investment Management LP now owns 476,949 shares of the company’s stock worth $1,168,000 after purchasing an additional 54,637 shares during the period. Finally, WealthTrust Axiom LLC increased its stake in shares of LiqTech International by 7.5% during the first quarter. WealthTrust Axiom LLC now owns 763,297 shares of the company’s stock worth $359,000 after purchasing an additional 53,500 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.

Further Reading

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