Brokerages Expect LiqTech International Inc (NASDAQ:LIQT) to Post $0.01 EPS

Shares of LiqTech International Inc (NASDAQ:LIQT) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokers have set a one year consensus price target of $12.00 for the company and are forecasting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned LiqTech International an industry rank of 163 out of 256 based on the ratings given to its competitors.

Separately, B. Riley restated a “buy” rating on shares of LiqTech International in a research note on Friday, March 1st.

Shares of NASDAQ:LIQT opened at $8.87 on Monday. LiqTech International has a 12 month low of $2.60 and a 12 month high of $10.69.

LiqTech International (NASDAQ:LIQT) last announced its quarterly earnings results on Thursday, March 28th. The company reported ($0.08) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.08). The firm had revenue of $2.90 million for the quarter, compared to analyst estimates of $3.07 million. LiqTech International had a negative net margin of 13.02% and a negative return on equity of 24.05%. Analysts expect that LiqTech International will post 0.08 earnings per share for the current year.

About LiqTech International

LiqTech International, Inc, a clean technology company, provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters. The company manufactures and sells ceramic silicon carbide membranes and systems for liquid filtration under the LiqTech, Cometas, and Provital brand names, which are used for the filtration of produced water, pre-filtration of reverse osmosis drinking water, industrial applications, producing clean drinking water, and pool and spa water, as well as marine scrubber bleed water.

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