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

LiqTech International (NASDAQ:LIQT) had its price objective cut by Ascendiant Capital Markets from $5.15 to $3.20 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

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

LiqTech International Trading Up 6.0 %

LIQT opened at $1.85 on Monday. The company has a quick ratio of 1.62, a current ratio of 2.66 and a debt-to-equity ratio of 0.60. LiqTech International has a 52 week low of $1.51 and a 52 week high of $3.74. The business’s 50 day moving average is $2.18 and its two-hundred day moving average is $2.37. The firm has a market cap of $17.48 million, a price-to-earnings ratio of -0.96 and a beta of 0.98.

Institutional Trading of LiqTech International

An institutional investor recently raised its position in LiqTech International stock. HighTower Advisors LLC increased its position in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,599 shares of the company’s stock after purchasing an additional 11,043 shares during the period. HighTower Advisors LLC owned approximately 0.66% of LiqTech International worth $99,000 as of its most recent SEC filing. Institutional investors 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.