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

StockNews.com started coverage on shares of LiqTech International (NASDAQ:LIQT) in a report released on Friday morning. The brokerage issued a sell rating on the stock.

LiqTech International Price Performance

LIQT stock opened at $3.92 on Friday. The stock has a market capitalization of $22.34 million, a PE ratio of -3.19 and a beta of 1.11. The company’s 50-day moving average is $3.75 and its 200-day moving average is $3.52. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.78 and a quick ratio of 3.14. LiqTech International has a 1 year low of $2.80 and a 1 year high of $4.66.

LiqTech International (NASDAQ:LIQT) last released its quarterly earnings data on Thursday, August 10th. The company reported ($0.27) earnings per share (EPS) for the quarter. LiqTech International had a negative return on equity of 35.38% and a negative net margin of 48.14%. The company had revenue of $4.99 million for the quarter.

Hedge Funds Weigh In On LiqTech International

Several large investors have recently added to or reduced their stakes in the business. WealthTrust Axiom LLC lifted its position in LiqTech International by 7.5% in the 1st quarter. WealthTrust Axiom LLC now owns 763,297 shares of the company’s stock valued at $359,000 after acquiring an additional 53,500 shares in the last quarter. Millennium Management LLC bought a new position in LiqTech International in the 2nd quarter valued at about $116,000. Virtu Financial LLC lifted its position in LiqTech International by 239.8% in the 2nd quarter. Virtu Financial LLC now owns 127,237 shares of the company’s stock valued at $57,000 after acquiring an additional 89,789 shares in the last quarter. Renaissance Technologies LLC bought a new position in LiqTech International in the 2nd quarter valued at about $196,000. Finally, Meros Investment Management LP lifted its position in LiqTech International by 12.9% in the 1st quarter. Meros Investment Management LP now owns 476,949 shares of the company’s stock valued at $1,168,000 after acquiring an additional 54,637 shares in the last quarter. Institutional investors own 20.62% of the company’s stock.

LiqTech International Company Profile

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.