LiqTech International (NASDAQ:LIQT) Trading 2% Higher – Should You Buy?

LiqTech International, Inc. (NASDAQ:LIQT)’s share price traded up 2% during mid-day trading on Tuesday . The company traded as high as $1.55 and last traded at $1.51. 10,031 shares were traded during trading, an increase of 48% from the average session volume of 6,784 shares. The stock had previously closed at $1.48.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of LiqTech International in a research note on Monday, January 13th. They set a “sell” rating on the stock. Ascendiant Capital Markets reduced their price objective on shares of LiqTech International from $5.15 to $3.20 and set a “buy” rating on the stock in a research note on Monday, November 25th.

LiqTech International Price Performance

The stock has a market cap of $14.27 million, a P/E ratio of -0.83 and a beta of 1.01. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.66 and a quick ratio of 1.62. The business’s fifty day moving average price is $1.76 and its 200 day moving average price is $2.12.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bleichroeder LP lifted its holdings in shares of LiqTech International by 451.4% in the fourth quarter. Bleichroeder LP now owns 3,182,239 shares of the company’s stock worth $5,865,000 after acquiring an additional 2,605,129 shares during the last quarter. WealthTrust Axiom LLC lifted its holdings in shares of LiqTech International by 15.1% in the fourth quarter. WealthTrust Axiom LLC now owns 207,862 shares of the company’s stock worth $383,000 after acquiring an additional 27,300 shares during the last quarter. Geode Capital Management LLC raised its holdings in LiqTech International by 73.9% in the 4th quarter. Geode Capital Management LLC now owns 63,799 shares of the company’s stock valued at $116,000 after buying an additional 27,120 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in LiqTech International by 49.2% in the 4th quarter. HighTower Advisors LLC now owns 57,599 shares of the company’s stock valued at $106,000 after buying an additional 19,000 shares during the last quarter. 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. The company operates through Water, Ceramics, and Plastics segments.