LiqTech International (LIQT) Stock Rating Lowered by Zacks Investment Research

LiqTech International (NYSEAMERICAN:LIQT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “LiqTech International, Inc. is a clean technology company. It engages in the provision of various technologies for the gas and liquid purification by manufacturing ceramic silicon carbide filters. The company sells its products to industrial customers in the United States, Canada, Europe, Asia, and South America. LiqTech International, Inc. is headquartered in Ballerup, Denmark. “

Several other equities analysts have also weighed in on the stock. Craig Hallum restated a “buy” rating and set a $13.00 price target (up previously from $12.00) on shares of LiqTech International in a research report on Tuesday, May 14th. B. Riley assumed coverage on shares of LiqTech International in a research report on Friday, March 1st. They set a “buy” rating and a $12.00 price target for the company.

NYSEAMERICAN LIQT opened at $9.10 on Wednesday. LiqTech International has a 1 year low of $2.36 and a 1 year high of $10.25.

LiqTech International (NYSEAMERICAN:LIQT) last posted its quarterly earnings results on Thursday, March 28th. The industrial goods maker reported ($0.08) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.08). The company had revenue of $2.90 million for the quarter, compared to the consensus estimate of $3.07 million.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley lifted its holdings in LiqTech International by 1.1% during the first quarter. Morgan Stanley now owns 192,009 shares of the industrial goods maker’s stock valued at $413,000 after purchasing an additional 2,009 shares during the last quarter. Wellington Management Group LLP lifted its holdings in LiqTech International by 6.5% during the first quarter. Wellington Management Group LLP now owns 2,417,910 shares of the industrial goods maker’s stock valued at $5,199,000 after purchasing an additional 147,710 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in LiqTech International during the first quarter valued at about $47,000. 1492 Capital Management LLC purchased a new stake in LiqTech International during the first quarter valued at about $493,000. Finally, EAM Global Investors LLC purchased a new stake in LiqTech International during the first quarter valued at about $3,845,000.

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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