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

LiqTech International (NASDAQ:LIQT) was downgraded by stock 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 LiqTech International in a report on Tuesday, July 9th. They issued an “overweight” rating and a $13.00 target price on the stock.

LiqTech International stock opened at $8.07 on Monday. LiqTech International has a twelve month low of $4.36 and a twelve month high of $10.69. The stock’s fifty day simple moving average is $7.59 and its 200-day simple moving average is $8.13. The firm has a market capitalization of $160.48 million, a P/E ratio of -33.63 and a beta of 1.08.

LiqTech International (NASDAQ:LIQT) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $9.30 million for the quarter, compared to analyst estimates of $8.36 million. LiqTech International had a negative return on equity of 14.51% and a negative net margin of 8.00%. On average, equities research analysts expect that LiqTech International will post 0.09 EPS 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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