Stephens Initiates Coverage on LiqTech International (NYSEAMERICAN:LIQT)

Stephens began coverage on shares of LiqTech International (NYSEAMERICAN:LIQT) in a research note published on Monday morning, The Fly reports. The firm issued an overweight rating and a $13.00 target price on the industrial goods maker’s stock.

LIQT has been the topic of a number of other research reports. Craig Hallum reissued a buy rating and issued a $13.00 price target (up previously from $12.00) on shares of LiqTech International in a research note on Tuesday, May 14th. Zacks Investment Research raised Hudson Technologies from a sell rating to a hold rating in a research note on Wednesday, May 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. LiqTech International presently has a consensus rating of Buy and an average target price of $11.60.

Shares of LIQT opened at $9.99 on Monday. LiqTech International has a 52 week low of $2.72 and a 52 week high of $10.69.

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in LiqTech International during the 4th quarter worth $29,000. Deutsche Bank AG raised its stake in LiqTech International by 597.3% during the 4th quarter. Deutsche Bank AG now owns 103,085 shares of the industrial goods maker’s stock worth $141,000 after buying an additional 88,302 shares during the period. FNY Investment Advisers LLC raised its stake in LiqTech International by 11.3% during the 1st quarter. FNY Investment Advisers LLC now owns 149,276 shares of the industrial goods maker’s stock worth $320,000 after buying an additional 15,176 shares during the period. 1492 Capital Management LLC acquired a new stake in LiqTech International during the 1st quarter worth $493,000. Finally, Apis Capital Advisors LLC raised its stake in LiqTech International by 3.1% during the 1st quarter. Apis Capital Advisors LLC now owns 460,000 shares of the industrial goods maker’s stock worth $989,000 after buying an additional 14,000 shares during the period.

LiqTech International Company Profile

LiqTech International, Inc, a clean technology company, provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters. The company manufactures and sells ceramic silicon carbide membranes and systems 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 bleed water.

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