Lp Bleichroeder Purchases 700,000 Shares of LiqTech International (NASDAQ:LIQT) Stock

LiqTech International, Inc. (NASDAQ:LIQT) major shareholder Lp Bleichroeder acquired 700,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $1.00 per share, with a total value of $700,000.00. Following the acquisition, the insider owned 3,882,239 shares of the company’s stock, valued at approximately $3,882,239. This represents a 22.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

LiqTech International Trading Up 4.9%

NASDAQ LIQT opened at $0.83 on Thursday. The company has a market cap of $8.30 million, a price-to-earnings ratio of -0.91 and a beta of 1.01. LiqTech International, Inc. has a 52 week low of $0.74 and a 52 week high of $3.35. The business has a 50 day moving average price of $1.78 and a 200-day moving average price of $1.74. The company has a quick ratio of 1.35, a current ratio of 2.50 and a debt-to-equity ratio of 1.06.

LiqTech International (NASDAQ:LIQT) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.07). The firm had revenue of $4.14 million for the quarter, compared to the consensus estimate of $4.50 million. LiqTech International had a negative net margin of 55.45% and a negative return on equity of 79.64%. As a group, equities analysts expect that LiqTech International, Inc. will post -0.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Weiss Ratings cut LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. Ascendiant Capital Markets lifted their target price on LiqTech International from $4.30 to $4.40 and gave the company a “buy” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $4.40.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LiqTech International stock. StoneX Group Inc. bought a new stake in shares of LiqTech International, Inc. (NASDAQ:LIQT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned about 0.30% of LiqTech International as of its most recent SEC filing. Hedge funds and other institutional investors own 35.06% of the company’s stock.

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.