Key Points
- Major shareholder Lp Bleichroeder bought 700,000 shares of LiqTech International at $1.00 each, spending $700,000 and increasing its stake by 22% to 3.88 million shares.
- LIQT shares were down 10.9% to $0.80, with the stock trading near its 12-month low of $0.74 and well below its 50-day and 200-day moving averages.
- The company recently reported a wider-than-expected quarterly loss, missing EPS and revenue estimates, while analysts currently have a consensus rating of Hold with a $4.40 price target.
LiqTech International, Inc. (NASDAQ:LIQT - Get Free Report) major shareholder Lp Bleichroeder purchased 700,000 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of $1.00 per share, with a total value of $700,000.00. Following the acquisition, the insider directly owned 3,882,239 shares of the company's stock, valued at $3,882,239. This represents a 22.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
LiqTech International Trading Down 10.9%
Shares of LiqTech International stock opened at $0.80 on Wednesday. The stock has a fifty day simple moving average of $1.81 and a 200 day simple moving average of $1.75. LiqTech International, Inc. has a 12-month low of $0.74 and a 12-month high of $3.35. The company has a market capitalization of $7.92 million, a P/E ratio of -0.86 and a beta of 1.01. The company has a current ratio of 2.50, a quick ratio of 1.35 and a debt-to-equity ratio of 1.06.
LiqTech International (NASDAQ:LIQT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.07). LiqTech International had a negative return on equity of 79.64% and a negative net margin of 55.45%.The company had revenue of $4.14 million for the quarter, compared to the consensus estimate of $4.50 million. On average, sell-side analysts anticipate that LiqTech International, Inc. will post -0.79 earnings per share for the current fiscal year.
Analysts Set New Price Targets
LIQT has been the subject of a number of recent analyst reports. Weiss Ratings downgraded LiqTech International from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday, June 1st. Ascendiant Capital Markets upped their price objective on LiqTech International from $4.30 to $4.40 and gave the company a "buy" rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $4.40.
Get Our Latest Stock Report on LiqTech International
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in LiqTech International stock. StoneX Group Inc. acquired a new stake in LiqTech International, Inc. (NASDAQ:LIQT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 28,788 shares of the company's stock, valued at approximately $42,000. StoneX Group Inc. owned 0.30% of LiqTech International at the end of the most recent reporting period. 35.06% of the stock is owned by institutional investors.
About LiqTech International
(
Get Free Report)
LiqTech International, Inc develops and manufactures advanced ceramic filtration systems that leverage proprietary silicon carbide (SiC) membranes to remove particulates and hydrophobic contaminants from a variety of fluid streams. The company's core products include tubular ceramic membrane modules and complete filtration skids designed for applications where high chemical resistance, thermal stability and mechanical strength are required.
Their filtration solutions are utilized across multiple industries, including municipal and industrial water treatment, desalination pretreatment, produced water management in oil and gas operations, and process water recycling in power generation and chemical processing.
Further Reading
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