LiqTech International (NASDAQ:LIQT) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of LiqTech International (NASDAQ:LIQT) from a buy rating to a hold rating in a research report report published on Monday morning, ValuEngine reports.

Separately, Stephens assumed coverage on LiqTech International in a report on Tuesday, July 9th. They issued an overweight rating and a $13.00 target price for the company.

LIQT traded up $0.05 on Monday, reaching $8.02. The stock had a trading volume of 1,655 shares, compared to its average volume of 123,908. LiqTech International has a fifty-two week low of $4.36 and a fifty-two week high of $10.69. The firm has a 50-day moving average of $7.56 and a 200-day moving average of $8.10. The company has a market capitalization of $160.48 million, a price-to-earnings ratio of -33.04 and a beta of 1.08.

LiqTech International (NASDAQ:LIQT) last issued its earnings results on Wednesday, August 14th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. LiqTech International had a negative return on equity of 14.51% and a negative net margin of 8.00%. The business had revenue of $9.30 million during the quarter, compared to analysts’ expectations of $8.36 million. As a group, analysts predict that LiqTech International will post 0.09 EPS for the current fiscal year.

LiqTech International Company Profile

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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