Key Points
- Director Peyton Boswell purchased 50,000 LiqTech shares at $1.00 each, investing $50,000 and increasing his ownership by 41.22% to 171,305 shares.
- LiqTech’s stock opened at $0.35 and remains near its 52-week low of $0.33, with a market capitalization of approximately $11.58 million. The company reported a quarterly EPS loss of $0.14 and revenue of $4.36 million, below the $6.00 million analyst estimate.
- Analyst sentiment is mixed, resulting in an overall “Hold” rating and an average price target of $1.30; institutional investors own 35.06% of the company.
LiqTech International, Inc. (NASDAQ:LIQT - Get Free Report) Director Peyton Boswell bought 50,000 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $1.00 per share, for a total transaction of $50,000.00. Following the completion of the purchase, the director owned 171,305 shares of the company's stock, valued at $171,305. This trade represents a 41.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
LiqTech International Trading Down 3.7%
NASDAQ:LIQT opened at $0.35 on Friday. The firm has a market capitalization of $11.58 million, a P/E ratio of -0.42 and a beta of 1.14. The company has a quick ratio of 3.43, a current ratio of 4.37 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average of $0.55 and a 200 day moving average of $1.01. LiqTech International, Inc. has a 52 week low of $0.33 and a 52 week high of $2.58.
LiqTech International (NASDAQ:LIQT - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.19) by $0.05. The business had revenue of $4.36 million for the quarter, compared to analyst estimates of $6.00 million. LiqTech International had a negative net margin of 63.18% and a negative return on equity of 69.03%. On average, research analysts predict that LiqTech International, Inc. will post -0.30 earnings per share for the current year.
Analysts Set New Price Targets
LIQT has been the subject of a number of analyst reports. Zacks Research upgraded shares of LiqTech International from a "strong sell" rating to a "hold" rating in a report on Monday, August 17th. Ascendiant Capital Markets cut their target price on LiqTech International to $1.30 and set a "buy" rating on the stock in a research note on Friday, September 4th. Finally, Weiss Ratings downgraded LiqTech International from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, July 24th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, LiqTech International presently has an average rating of "Hold" and an average price target of $1.30.
Check Out Our Latest Research Report on LIQT
Hedge Funds Weigh In On LiqTech International
A number of hedge funds and other institutional investors have recently made changes to their positions in LIQT. Alyeska Investment Group L.P. purchased a new stake in LiqTech International in the second quarter worth $1,698,000. Cable Car Capital LP bought a new stake in LiqTech International in the second quarter valued at $849,000. Sequoia Financial Advisors LLC bought a new stake in LiqTech International in the second quarter valued at $424,000. Finally, Clear Harbor Asset Management LLC bought a new stake in LiqTech International in the second quarter valued at $52,000. Institutional investors own 35.06% of the company's stock.
LiqTech International Company Profile
(
Get Free Report)
LiqTech International, Inc is a clean-technology company that develops, manufactures and sells advanced filtration products based on silicon carbide (SiC) ceramic materials. Its technology is designed to provide high-performance filtration in applications where conventional materials may be less durable or effective.
The company's primary products include SiC membrane systems for treating industrial and municipal wastewater, seawater, aquaculture water and other challenging water streams.
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