Q2 2019 EPS Estimates for LiqTech International Inc (LIQT) Cut by B. Riley

LiqTech International Inc (NYSEAMERICAN:LIQT) – B. Riley reduced their Q2 2019 earnings per share estimates for shares of LiqTech International in a note issued to investors on Tuesday, May 14th. B. Riley analyst L. Burke now anticipates that the industrial goods maker will earn $0.01 per share for the quarter, down from their prior estimate of $0.04. B. Riley has a “Buy” rating and a $12.00 price target on the stock. B. Riley also issued estimates for LiqTech International’s Q4 2019 earnings at $0.04 EPS and FY2019 earnings at $0.08 EPS.

A number of other brokerages have also recently weighed in on LIQT. Zacks Investment Research upgraded LiqTech International from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research note on Thursday, May 2nd. Craig Hallum restated a “buy” rating and set a $13.00 price objective (up from $12.00) on shares of LiqTech International in a research note on Tuesday, May 14th.

Shares of LIQT stock opened at $10.03 on Friday. LiqTech International has a twelve month low of $2.36 and a twelve month high of $10.25.

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

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in LiqTech International in the fourth quarter valued at about $29,000. Charles Schwab Investment Management Inc. purchased a new stake in LiqTech International in the first quarter valued at about $47,000. Calamos Wealth Management LLC purchased a new stake in LiqTech International in the fourth quarter valued at about $69,000. Deutsche Bank AG raised its stake in LiqTech International by 597.3% in the fourth quarter. Deutsche Bank AG now owns 103,085 shares of the industrial goods maker’s stock valued at $141,000 after buying an additional 88,302 shares during the last quarter. Finally, Monashee Investment Management LLC purchased a new stake in LiqTech International in the fourth quarter valued at about $280,000.

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.

See Also: What does the Producer Price Index (PPI) tell investors?

Receive News & Ratings for LiqTech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LiqTech International and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit