Stock analysts at StockNews.com initiated coverage on shares of LiqTech International (NASDAQ:LIQT – Get Free Report) in a note issued to investors on Monday. The brokerage set a “sell” rating on the stock.
Separately, Ascendiant Capital Markets restated a “buy” rating and set a $3.40 price objective (up previously from $3.20) on shares of LiqTech International in a report on Monday, April 7th.
Check Out Our Latest Stock Analysis on LIQT
LiqTech International Stock Performance
LiqTech International (NASDAQ:LIQT – Get Free Report) last announced its earnings results on Friday, March 28th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.02). The firm had revenue of $3.80 million during the quarter, compared to the consensus estimate of $3.80 million. LiqTech International had a negative return on equity of 76.05% and a negative net margin of 69.76%. Research analysts expect that LiqTech International will post -1.64 EPS for the current fiscal year.
Hedge Funds Weigh In On LiqTech International
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bleichroeder LP increased its holdings in LiqTech International by 451.4% in the 4th quarter. Bleichroeder LP now owns 3,182,239 shares of the company’s stock worth $5,865,000 after buying an additional 2,605,129 shares during the period. WealthTrust Axiom LLC increased its holdings in LiqTech International by 15.1% in the 4th quarter. WealthTrust Axiom LLC now owns 207,862 shares of the company’s stock worth $383,000 after buying an additional 27,300 shares during the period. Geode Capital Management LLC increased its holdings in LiqTech International by 73.9% in the 4th quarter. Geode Capital Management LLC now owns 63,799 shares of the company’s stock worth $116,000 after buying an additional 27,120 shares during the period. Finally, HighTower Advisors LLC increased its holdings in LiqTech International by 49.2% in the 4th quarter. HighTower Advisors LLC now owns 57,599 shares of the company’s stock worth $106,000 after buying an additional 19,000 shares during the period. Institutional investors and hedge funds own 35.06% of the company’s stock.
About LiqTech International
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.
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