StockNews.com Begins Coverage on LiqTech International (NASDAQ:LIQT)

StockNews.com assumed coverage on shares of LiqTech International (NASDAQ:LIQT) in a research report report published on Monday. The firm issued a sell rating on the stock.

Separately, Ascendiant Capital Markets began coverage on shares of LiqTech International in a research report on Monday, February 26th. They set a buy rating and a $5.15 price target for the company.

LiqTech International Price Performance

Shares of LIQT opened at $3.01 on Monday. The firm has a market cap of $17.49 million, a PE ratio of -2.03 and a beta of 0.73. LiqTech International has a 52-week low of $2.83 and a 52-week high of $4.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.59 and a current ratio of 2.95. The business’s 50 day moving average price is $3.23 and its two-hundred day moving average price is $3.48.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LIQT. Mission Wealth Management LP purchased a new stake in LiqTech International in the third quarter worth $73,000. Virtu Financial LLC bought a new position in shares of LiqTech International during the first quarter valued at approximately $92,000. WealthTrust Axiom LLC lifted its holdings in shares of LiqTech International by 17.4% during the third quarter. WealthTrust Axiom LLC now owns 125,232 shares of the company’s stock valued at $487,000 after purchasing an additional 18,600 shares during the last quarter. Millennium Management LLC bought a new stake in shares of LiqTech International in the 2nd quarter worth approximately $116,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of LiqTech International in the 2nd quarter worth approximately $196,000. Hedge funds and other institutional investors own 35.06% of the company’s stock.

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.