Zacks: Analysts Set $12.00 Target Price for LiqTech International Inc (NASDAQ:LIQT)

LiqTech International Inc (NASDAQ:LIQT) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Analysts have set a one year consensus price target of $12.00 for the company and are expecting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given LiqTech International an industry rank of 88 out of 256 based on the ratings given to related companies.

Separately, B. Riley reissued a “buy” rating on shares of LiqTech International in a research note on Friday, March 1st.

NASDAQ LIQT traded up $0.01 on Wednesday, hitting $9.56. 100,800 shares of the company were exchanged, compared to its average volume of 174,534. The stock has a market capitalization of $179.37 million, a P/E ratio of -39.83 and a beta of 1.02. LiqTech International has a 12 month low of $2.60 and a 12 month high of $10.69. The stock’s fifty day moving average is $9.16.

LiqTech International (NASDAQ:LIQT) last issued its earnings results on Thursday, March 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.08). The business had revenue of $2.90 million for the quarter, compared to analyst estimates of $3.07 million. LiqTech International had a negative net margin of 13.02% and a negative return on equity of 24.05%. Analysts predict that LiqTech International will post 0.08 EPS for the current year.

About LiqTech International

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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