LiqTech International (NASDAQ:LIQT) Earns Sell Rating from Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of LiqTech International (NASDAQ:LIQT) in a report released on Thursday. The brokerage set a “sell” rating on the stock.

LiqTech International Stock Performance

Shares of NASDAQ:LIQT opened at $1.63 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.66 and a quick ratio of 1.62. LiqTech International has a 1 year low of $1.34 and a 1 year high of $3.20. The firm has a market capitalization of $15.40 million, a PE ratio of -0.90 and a beta of 0.98. The business’s 50 day moving average price is $1.60 and its 200-day moving average price is $1.90.

LiqTech International (NASDAQ:LIQT) last announced its earnings results on Friday, March 28th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.02). The business had revenue of $3.80 million for the quarter, compared to analyst estimates of $3.80 million. LiqTech International had a negative return on equity of 76.05% and a negative net margin of 69.76%. As a group, equities research analysts expect that LiqTech International will post -1.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bleichroeder LP lifted its position in LiqTech International by 451.4% during the fourth quarter. Bleichroeder LP now owns 3,182,239 shares of the company’s stock worth $5,865,000 after buying an additional 2,605,129 shares in the last quarter. WealthTrust Axiom LLC raised its holdings in shares of LiqTech International by 15.1% during the 4th quarter. WealthTrust Axiom LLC now owns 207,862 shares of the company’s stock worth $383,000 after acquiring an additional 27,300 shares during the period. Geode Capital Management LLC grew its holdings in shares of LiqTech International by 73.9% in the fourth quarter. Geode Capital Management LLC now owns 63,799 shares of the company’s stock valued at $116,000 after purchasing an additional 27,120 shares during the period. Finally, HighTower Advisors LLC grew its holdings in shares of LiqTech International by 49.2% in the fourth quarter. HighTower Advisors LLC now owns 57,599 shares of the company’s stock valued at $106,000 after purchasing an additional 19,000 shares during the period. 35.06% of the stock is currently owned by institutional investors and hedge funds.

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.