LiqTech International (NASDAQ:LIQT) Upgraded to “Hold” at Zacks Investment Research

LiqTech International (NASDAQ:LIQT – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “LiqTech International, Inc. is a clean technology company. It engages in the provision of various technologies for the gas and liquid purification by manufacturing ceramic silicon carbide filters. The company sells its products to industrial customers in the United States, Canada, Europe, Asia, and South America. LiqTech International, Inc. is headquartered in Ballerup, Denmark. “

Separately, Stephens dropped their target price on shares of LiqTech International from $6.00 to $3.00 and set an “equal weight” rating for the company in a research report on Friday, March 25th.

Shares of LiqTech International stock opened at $1.45 on Tuesday. LiqTech International has a twelve month low of $1.39 and a twelve month high of $8.15. The company has a quick ratio of 1.34, a current ratio of 1.66 and a debt-to-equity ratio of 0.68. The company has a 50-day simple moving average of $3.64 and a two-hundred day simple moving average of $4.85. The stock has a market capitalization of $30.96 million, a price-to-earnings ratio of -2.84 and a beta of 0.59.

LiqTech International (NASDAQ:LIQT – Get Rating) last issued its earnings results on Thursday, March 24th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.04). The firm had revenue of $6.12 million during the quarter. LiqTech International had a negative net margin of 60.89% and a negative return on equity of 63.32%. During the same period in the previous year, the firm earned ($0.17) EPS. On average, sell-side analysts anticipate that LiqTech International will post -0.52 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new position in shares of LiqTech International during the 2nd quarter valued at $90,000. Millennium Management LLC acquired a new position in LiqTech International during the fourth quarter worth $98,000. Titleist Asset Management LTD. acquired a new position in LiqTech International during the fourth quarter worth $135,000. Susquehanna International Group LLP grew its stake in shares of LiqTech International by 2,451.9% in the 4th quarter. Susquehanna International Group LLP now owns 37,538 shares of the company’s stock worth $215,000 after acquiring an additional 36,067 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of LiqTech International by 12.0% in the 1st quarter. Morgan Stanley now owns 42,900 shares of the company’s stock worth $347,000 after acquiring an additional 4,600 shares in the last quarter. Hedge funds and other institutional investors own 58.17% of the company’s stock.

About LiqTech International (Get Rating)

LiqTech International, Inc, a clean technology company, designs, develops, produces, markets, and sells automated filtering systems, and ceramic silicon carbide liquid applications and diesel particulate air filters in the United States, Canada, Europe, Asia, and South America. The company manufactures and sells ceramic silicon carbide filters and membranes for liquid filtration under the LiqTech, Cometas, and Provital brand names, which are used for the filtration of produced water, pre-filtration of reverse osmosis drinking water, industrial applications, producing clean drinking water, and pool and spa water, as well as marine scrubber wash water.

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