Ascendiant Capital Markets Cuts LiqTech International (NASDAQ:LIQT) Price Target to $3.20

LiqTech International (NASDAQ:LIQT) had its price target lowered by stock analysts at Ascendiant Capital Markets from $5.15 to $3.20 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Ascendiant Capital Markets’ price objective indicates a potential upside of 88.24% from the company’s current price.

A number of other analysts have also commented on the stock. Lake Street Capital lowered their target price on shares of LiqTech International from $9.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, October 10th. StockNews.com started coverage on LiqTech International in a report on Wednesday, November 20th. They issued a “sell” rating for the company.

LiqTech International Trading Up 1.8 %

LIQT stock traded up $0.03 during midday trading on Monday, reaching $1.70. The stock had a trading volume of 9,293 shares, compared to its average volume of 10,844. The firm has a market cap of $16.07 million, a price-to-earnings ratio of -0.93 and a beta of 0.98. LiqTech International has a twelve month low of $1.51 and a twelve month high of $3.74. The company has a quick ratio of 1.62, a current ratio of 2.66 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $2.23 and a two-hundred day simple moving average of $2.38.

Hedge Funds Weigh In On LiqTech International

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC boosted its position in LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,599 shares of the company’s stock after buying an additional 11,043 shares during the quarter. HighTower Advisors LLC owned approximately 0.66% of LiqTech International worth $99,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 35.06% of the company’s stock.

About LiqTech International

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. The company operates through Water, Ceramics, and Plastics segments.