LiqTech International (NASDAQ:LIQT) Trading Down 7.1% – Here’s What Happened

LiqTech International, Inc. (NASDAQ:LIQT) dropped 7.1% during trading on Monday . The stock traded as low as $1.70 and last traded at $1.70. Approximately 42,947 shares were traded during trading, an increase of 382% from the average daily volume of 8,918 shares. The stock had previously closed at $1.83.

Wall Street Analysts Forecast Growth

LIQT has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of LiqTech International in a research note on Wednesday, October 8th. Ascendiant Capital Markets lifted their price objective on shares of LiqTech International from $4.00 to $4.20 and gave the company a “buy” rating in a research note on Thursday, November 20th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.20.

LiqTech International Trading Down 7.1%

The business has a 50 day moving average of $2.13 and a two-hundred day moving average of $2.09. The firm has a market capitalization of $16.37 million, a price-to-earnings ratio of -1.68 and a beta of 1.12. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.30 and a current ratio of 3.50.

LiqTech International (NASDAQ:LIQT) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.02. The firm had revenue of $3.81 million during the quarter, compared to analysts’ expectations of $4.00 million. LiqTech International had a negative return on equity of 61.21% and a negative net margin of 53.25%. Equities analysts predict that LiqTech International, Inc. will post -1.64 EPS for the current year.

About LiqTech International

LiqTech International, Inc develops and manufactures advanced ceramic filtration systems that leverage proprietary silicon carbide (SiC) membranes to remove particulates and hydrophobic contaminants from a variety of fluid streams. The company’s core products include tubular ceramic membrane modules and complete filtration skids designed for applications where high chemical resistance, thermal stability and mechanical strength are required.

Their filtration solutions are utilized across multiple industries, including municipal and industrial water treatment, desalination pretreatment, produced water management in oil and gas operations, and process water recycling in power generation and chemical processing.