LiqTech International (NASDAQ:LIQT) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of LiqTech International (NASDAQ:LIQT) in a note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.

Separately, Ascendiant Capital Markets reiterated a “buy” rating and set a $5.15 price target on shares of LiqTech International in a report on Monday, August 26th.

LiqTech International Stock Performance

LiqTech International stock opened at $2.91 on Tuesday. The firm has a 50 day simple moving average of $2.38 and a 200-day simple moving average of $2.65. LiqTech International has a 1-year low of $1.90 and a 1-year high of $4.20. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.74 and a quick ratio of 1.85. The stock has a market cap of $16.90 million, a price-to-earnings ratio of -1.95 and a beta of 0.96.

Institutional Investors Weigh In On LiqTech International

A hedge fund recently bought a new stake in LiqTech International stock. Mesirow Financial Investment Management Inc. purchased a new stake in LiqTech International, Inc. (NASDAQ:LIQT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,903 shares of the company’s stock, valued at approximately $46,000. Mesirow Financial Investment Management Inc. owned 0.26% of LiqTech International at the end of the most recent quarter. Institutional investors own 35.06% of the company’s stock.

About LiqTech International

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.