Key Points
- Director Robert Wowk purchased 50,000 LiqTech International shares at $1.00 each, investing $50,000 and becoming the owner of 50,000 shares.
- LiqTech reported a quarterly loss of $0.14 per share, beating estimates, but revenue of $4.36 million fell short of the $6.00 million forecast. The company remains unprofitable, with a negative net margin of 63.18%.
- Analyst sentiment is mixed, resulting in a consensus “Hold” rating and a $4.40 target price; institutional investors own approximately 35.06% of the stock.
LiqTech International, Inc. (NASDAQ:LIQT - Get Free Report) Director Robert Wowk bought 50,000 shares of the business's stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of $1.00 per share, for a total transaction of $50,000.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at $50,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
LiqTech International Stock Up 3.5%
NASDAQ:LIQT opened at $0.54 on Thursday. The stock has a 50-day simple moving average of $0.73 and a 200 day simple moving average of $1.37. LiqTech International, Inc. has a one year low of $0.52 and a one year high of $3.35. The company has a market capitalization of $5.37 million, a price-to-earnings ratio of -0.64 and a beta of 1.05. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.43 and a current ratio of 4.37.
LiqTech International (NASDAQ:LIQT - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.19) by $0.05. The firm had revenue of $4.36 million for the quarter, compared to analysts' expectations of $6.00 million. LiqTech International had a negative net margin of 63.18% and a negative return on equity of 69.03%. Sell-side analysts predict that LiqTech International, Inc. will post -0.79 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently commented on LIQT shares. Zacks Research upgraded shares of LiqTech International from a "strong sell" rating to a "hold" rating in a research note on Monday. Weiss Ratings cut LiqTech International from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, July 24th. Finally, Ascendiant Capital Markets boosted their price objective on LiqTech International from $4.30 to $4.40 and gave the stock a "buy" rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, LiqTech International has a consensus rating of "Hold" and a consensus target price of $4.40.
Read Our Latest Research Report on LIQT
Institutional Trading of LiqTech International
Institutional investors have recently bought and sold shares of the company. Alyeska Investment Group L.P. acquired a new position in LiqTech International in the 2nd quarter worth about $1,698,000. Cable Car Capital LP acquired a new position in LiqTech International in the second quarter worth approximately $849,000. Clear Harbor Asset Management LLC bought a new position in LiqTech International during the second quarter valued at approximately $52,000. Finally, StoneX Group Inc. acquired a new stake in LiqTech International in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 35.06% of the company's stock.
LiqTech International Company Profile
(
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.
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