LiqTech International Inc (LIQT) Expected to Post Quarterly Sales of $3.10 Million

Wall Street brokerages forecast that LiqTech International Inc (NYSE:LIQT) will post sales of $3.10 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for LiqTech International’s earnings. The highest sales estimate is $3.20 million and the lowest is $3.00 million. LiqTech International posted sales of $4.02 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 22.9%. The firm is scheduled to announce its next earnings results on Thursday, August 10th.

According to Zacks, analysts expect that LiqTech International will report full year sales of $3.10 million for the current financial year, with estimates ranging from $16.80 million to $16.97 million. For the next fiscal year, analysts anticipate that the company will post sales of $22.70 million per share, with estimates ranging from $21.00 million to $24.40 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover LiqTech International.

LiqTech International (NYSE:LIQT) last announced its quarterly earnings data on Monday, May 15th. The industrial goods maker reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. The firm had revenue of $2.97 million during the quarter, compared to the consensus estimate of $2.50 million. LiqTech International had a negative return on equity of 57.07% and a negative net margin of 28.07%.

Separately, Zacks Investment Research upgraded LiqTech International from a “sell” rating to a “buy” rating and set a $0.50 target price on the stock in a report on Tuesday, May 30th.

A hedge fund recently raised its stake in LiqTech International stock. WealthTrust Axiom LLC raised its stake in LiqTech International Inc (NYSE:LIQT) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 774,406 shares of the industrial goods maker’s stock after buying an additional 42,000 shares during the period. WealthTrust Axiom LLC owned about 1.79% of LiqTech International worth $247,000 as of its most recent SEC filing.

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Shares of LiqTech International (NYSE LIQT) traded down 6.241% during midday trading on Friday, reaching $0.323. The company had a trading volume of 61,999 shares. LiqTech International has a 52-week low of $0.25 and a 52-week high of $0.99. The company’s 50-day moving average is $0.32 and its 200-day moving average is $0.40. The firm’s market cap is $13.96 million.

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.

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