LiqTech International (NASDAQ:LIQT) Stock: Insider Peyton Boswell Buys 50,000 Shares

LiqTech International, Inc. (NASDAQ:LIQT) Director Peyton Boswell bought 50,000 shares of LiqTech International stock in a transaction dated Friday, June 5th. The stock was acquired at an average price of $1.00 per share, for a total transaction of $50,000.00. Following the completion of the acquisition, the director owned 171,305 shares in the company, valued at approximately $171,305. The trade was a 41.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

LiqTech International Trading Down 4.7%

Shares of LIQT opened at $0.34 on Friday. LiqTech International, Inc. has a twelve month low of $0.33 and a twelve month high of $2.57. The company has a market cap of $11.04 million, a P/E ratio of -0.40 and a beta of 1.14. The company has a current ratio of 4.37, a quick ratio of 3.43 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $0.55 and its 200-day simple moving average is $1.01.

LiqTech International (NASDAQ:LIQT) last released its earnings results on Thursday, August 13th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The business had revenue of $4.36 million for the quarter, compared to analyst estimates of $6.00 million. LiqTech International had a negative return on equity of 69.03% and a negative net margin of 63.18%. As a group, analysts expect that LiqTech International, Inc. will post -0.30 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC bought a new position in LiqTech International in the second quarter worth about $424,000. Alyeska Investment Group L.P. purchased a new stake in shares of LiqTech International during the second quarter valued at about $1,698,000. Cable Car Capital LP purchased a new stake in shares of LiqTech International during the second quarter valued at about $849,000. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of LiqTech International in the 2nd quarter valued at about $52,000. 35.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LIQT shares. Weiss Ratings reissued a “sell (e+)” rating on shares of LiqTech International in a research report on Thursday. Zacks Research upgraded LiqTech International from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Finally, Ascendiant Capital Markets decreased their price objective on LiqTech International to $1.30 and set a “buy” rating for the company in a report on Friday, September 4th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1.30.

About LiqTech International

LiqTech International, Inc is a clean-technology company that develops, manufactures and sells advanced filtration products based on silicon carbide (SiC) ceramic materials. Its technology is designed to provide high-performance filtration in applications where conventional materials may be less durable or effective.

The company’s primary products include SiC membrane systems for treating industrial and municipal wastewater, seawater, aquaculture water and other challenging water streams.