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

Equities researchers at StockNews.com assumed coverage on shares of LiqTech International (NASDAQ:LIQT) in a research report issued to clients and investors on Monday. The firm set a “sell” rating on the stock.

LiqTech International Trading Up 2.7 %

Shares of LIQT opened at $3.75 on Monday. The business’s 50-day moving average price is $3.78 and its 200 day moving average price is $3.59. The company has a current ratio of 3.18, a quick ratio of 2.59 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $21.48 million, a P/E ratio of -3.23 and a beta of 0.98. LiqTech International has a 1-year low of $2.80 and a 1-year high of $4.66.

Institutional Trading of LiqTech International

Hedge funds and other institutional investors have recently modified their holdings of the company. WealthTrust Axiom LLC boosted its holdings in LiqTech International by 17.4% in the third quarter. WealthTrust Axiom LLC now owns 125,232 shares of the company’s stock worth $487,000 after purchasing an additional 18,600 shares in the last quarter. Mission Wealth Management LP acquired a new stake in shares of LiqTech International during the 3rd quarter worth approximately $73,000. Millennium Management LLC bought a new stake in LiqTech International in the 2nd quarter valued at $116,000. Virtu Financial LLC raised its stake in shares of 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 buying an additional 89,789 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in LiqTech International during the second quarter worth about $196,000. 20.62% of the stock is currently owned by hedge funds and other institutional investors.

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.