LiqTech International Inc (NYSE:LIQT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, July 18th.
According to Zacks, “LiqTech International, Inc. is a clean technology company. It engages in the provision of various technologies for the gas and liquid purification by manufacturing ceramic silicon carbide filters. The company sells its products to industrial customers in the United States, Canada, Europe, Asia, and South America. LiqTech International, Inc. is headquartered in Ballerup, Denmark. “
Shares of LiqTech International (LIQT) opened at 0.3447 on Tuesday. LiqTech International has a 52 week low of $0.25 and a 52 week high of $0.96. The firm’s 50-day moving average is $0.32 and its 200 day moving average is $0.41. The company’s market capitalization is $14.90 million.
LiqTech International (NYSE:LIQT) last issued its earnings results on Monday, May 15th. The industrial goods maker reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. LiqTech International had a negative net margin of 28.07% and a negative return on equity of 57.07%. The company had revenue of $2.97 million for the quarter, compared to the consensus estimate of $2.50 million. On average, analysts anticipate that LiqTech International will post ($0.05) earnings per share for the current fiscal year.
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A hedge fund recently raised its stake in LiqTech International stock. WealthTrust Axiom LLC increased its stake in shares of LiqTech International Inc (NYSE:LIQT) by 5.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 732,406 shares of the industrial goods maker’s stock after buying an additional 39,900 shares during the period. WealthTrust Axiom LLC owned about 1.99% of LiqTech International worth $285,000 as of its most recent SEC filing.
About LiqTech International
LiqTech International, Inc is a clean technology company that provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters. The Company develops and manufactures products of re-crystallized silicon carbide. It specializes in two business areas, which include ceramic membranes for liquid filtration, and diesel particulate filters (DPFs) for the control of soot exhaust particles from diesel engines.
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