LiqTech International (NASDAQ:LIQT) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Monday, ValuEngine reports.

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

NASDAQ:LIQT traded up $0.16 during trading hours on Monday, reaching $7.97. The company had a trading volume of 93,900 shares, compared to its average volume of 181,810. LiqTech International has a 52 week low of $4.36 and a 52 week high of $10.69. The firm has a market cap of $162.74 million, a price-to-earnings ratio of -33.21 and a beta of 1.08. The firm’s 50 day moving average price is $7.56 and its 200-day moving average price is $8.10.

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

Further Reading: Percentage Decliners

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