LiqTech International (NASDAQ:LIQT) Stock Rating Lowered by ValuEngine

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

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

LIQT traded up $0.16 on Monday, hitting $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 stock has a fifty day simple moving average of $7.56 and a 200-day simple moving average of $8.10. The firm has a market capitalization of $162.74 million, a P/E ratio of -33.21 and a beta of 1.08.

LiqTech International (NASDAQ:LIQT) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate 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 analyst estimates of $8.36 million. On average, analysts anticipate 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.

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