LiqTech International (NASDAQ:LIQT) Trading 2.9% Higher – What’s Next?

LiqTech International, Inc. (NASDAQ:LIQT) was up 2.9% during trading on Monday . The company traded as high as $1.82 and last traded at $1.80. Approximately 3,534 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 7,859 shares. The stock had previously closed at $1.75.

Analysts Set New Price Targets

LIQT has been the subject of several research reports. Ascendiant Capital Markets dropped their target price on shares of LiqTech International from $5.15 to $3.20 and set a “buy” rating for the company in a report on Monday, November 25th. Lake Street Capital cut their price objective on LiqTech International from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Finally, StockNews.com assumed coverage on LiqTech International in a research note on Monday, January 13th. They set a “sell” rating on the stock.

LiqTech International Stock Performance

The stock’s fifty day simple moving average is $1.84 and its 200-day simple moving average is $2.17. The company has a market capitalization of $16.77 million, a price-to-earnings ratio of -0.98 and a beta of 1.01. The company has a current ratio of 2.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.60.

Institutional Trading of LiqTech International

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC boosted its position in shares of LiqTech International, Inc. (NASDAQ:LIQT) by 40.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,599 shares of the company’s stock after acquiring an additional 11,043 shares during the period. HighTower Advisors LLC owned about 0.66% of LiqTech International worth $99,000 as of its most recent SEC filing. 35.06% of the stock is currently owned by institutional investors.

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.