LiqTech International (NASDAQ:LIQT) Stock Price Down 0.6% – Should You Sell?

LiqTech International, Inc. (NASDAQ:LIQT)’s stock price was down 0.6% during trading on Tuesday . The stock traded as low as $1.69 and last traded at $1.74. Approximately 6,327 shares traded hands during trading, a decline of 61% from the average daily volume of 16,241 shares. The stock had previously closed at $1.75.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LIQT. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LiqTech International in a research report on Wednesday, October 8th. Ascendiant Capital Markets raised their target price on LiqTech International from $4.00 to $4.20 and gave the company a “buy” rating in a report on Thursday, November 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.20.

LiqTech International Price Performance

The company has a market capitalization of $16.76 million, a P/E ratio of -1.72 and a beta of 1.11. The business’s 50-day moving average is $1.81 and its two-hundred day moving average is $2.11. The company has a quick ratio of 2.30, a current ratio of 3.50 and a debt-to-equity ratio of 0.64.

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

LiqTech International Company Profile

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.