The Zacks Investment Research Downgrade LiqTech International To Strong Sell

LiqTech International Inc (NYSE:LIQT) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday.

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. “

Shares of LiqTech International (NYSE:LIQT) opened at 0.70 on Thursday. LiqTech International has a one year low of $0.55 and a one year high of $1.52. The stock has a 50 day moving average price of $0.77 and a 200 day moving average price of $0.77. The firm’s market cap is $27.67 million.

LiqTech International (NYSE:LIQT) last announced its quarterly earnings data on Monday, November 14th. The company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.03. The business earned $3.70 million during the quarter, compared to the consensus estimate of $5.50 million. On average, equities research analysts forecast that LiqTech International will post ($0.11) EPS for the current year.

A hedge fund recently raised its stake in LiqTech International stock. WealthTrust Axiom LLC increased its position in LiqTech International Inc (NYSE:LIQT) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 605,006 shares of the company’s stock after buying an additional 5,000 shares during the period. WealthTrust Axiom LLC owned approximately 1.53% of LiqTech International worth $363,000 at the end of the most recent quarter.

About LiqTech International

LiqTech International, Inc is a clean technology company that provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters. The Company develops and manufactures products of re-crystallized silicon carbide. It specializes in two business areas, which include ceramic membranes for liquid filtration, and diesel particulate filters (DPFs) for the control of soot exhaust particles from diesel engines.