Insider Buying: LiqTech International (NASDAQ:LIQT) Director Purchases 50,000 Shares of Stock

LiqTech International, Inc. (NASDAQ:LIQT) Director Robert Wowk purchased 50,000 shares of LiqTech International stock in a transaction dated Friday, June 5th. The shares were purchased 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 50,000 shares of the company’s stock, valued at approximately $50,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

LiqTech International Trading Up 3.5%

NASDAQ LIQT traded up $0.02 during trading hours on Wednesday, reaching $0.54. The company’s stock had a trading volume of 218,810 shares, compared to its average volume of 128,147. The firm has a fifty day simple moving average of $0.73 and a 200-day simple moving average of $1.37. The stock has a market cap of $5.37 million, a P/E ratio of -0.64 and a beta of 1.05. LiqTech International, Inc. has a 52 week low of $0.52 and a 52 week high of $3.35. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.37 and a quick ratio of 3.43.

LiqTech International (NASDAQ:LIQT) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. LiqTech International had a negative net margin of 63.18% and a negative return on equity of 69.03%. The company had revenue of $4.36 million for the quarter, compared to analyst estimates of $6.00 million. Equities analysts forecast that LiqTech International, Inc. will post -0.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LIQT has been the subject of several research analyst reports. Zacks Research upgraded shares of LiqTech International from a “strong sell” rating to a “hold” rating in a research note on Monday. Ascendiant Capital Markets increased their price target on LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings lowered LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $4.40.

Institutional Investors Weigh In On LiqTech International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cable Car Capital LP purchased a new stake in shares of LiqTech International in the second quarter worth about $849,000. Clear Harbor Asset Management LLC purchased a new position in shares of LiqTech International during the 2nd quarter valued at about $52,000. Finally, StoneX Group Inc. bought a new stake in LiqTech International in the 4th quarter worth approximately $42,000. 35.06% of the stock is currently owned by institutional investors.

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.