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

Posted by ABMN Staff on Nov 28th, 2024

Equities research analysts at StockNews.com initiated coverage on shares of LiqTech International (NASDAQ:LIQT – Get Free Report) in a note issued to investors on Tuesday. The firm set a “sell” rating on the stock.

Several other equities research analysts have also recently issued reports on LIQT. Lake Street Capital lowered their target price on shares of LiqTech International from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Ascendiant Capital Markets decreased their price target on shares of LiqTech International from $5.15 to $3.20 and set a “buy” rating on the stock in a research note on Monday.

View Our Latest Research Report on LIQT

LiqTech International Trading Up 6.0 %

LIQT stock opened at $1.85 on Tuesday. LiqTech International has a 12-month low of $1.51 and a 12-month high of $3.74. The business’s 50-day moving average is $2.18 and its 200 day moving average is $2.37. The company has a current ratio of 2.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.60. The stock has a market cap of $17.48 million, a price-to-earnings ratio of -0.96 and a beta of 0.98.

Hedge Funds Weigh In On LiqTech International

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC lifted its stake in shares of LiqTech International, Inc. (NASDAQ:LIQT – Free Report) by 40.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,599 shares of the company’s stock after acquiring an additional 11,043 shares during the period. HighTower Advisors LLC owned 0.66% of LiqTech International worth $99,000 as of its most recent filing with the Securities & Exchange Commission. 35.06% of the stock is owned by institutional investors.

LiqTech International Company Profile

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