What’s Propelling LiqTech International Inc (LIQT) to Increase? The Stock Formed a Descending Triangle

August 9, 2017 - By test

Investors sentiment decreased to 0.5 in 2016 Q4. Its down 1.50, from 2 in 2016Q3. It dived, as 2 investors sold LiqTech International Inc shares while 8 reduced holdings. 2 funds opened positions while 3 raised stakes. 4.42 million shares or 1.93% less from 4.51 million shares in 2016Q3 were reported.
State Bank Of America Corp De has invested 0% of its portfolio in LiqTech International Inc (NYSEMKT:LIQT). Vanguard Gp Inc stated it has 0% in LiqTech International Inc (NYSEMKT:LIQT). Royal Natl Bank Of Canada accumulated 30,000 shares or 0% of the stock. Selz Lc invested in 0.04% or 259,000 shares. 42,000 are held by Commonwealth Equity Service. Hightower Lc invested in 0% or 69,700 shares. Parsons Cap Management Ri reported 93,000 shares stake. Susquehanna Int Grp Inc Ltd Liability Partnership holds 0% in LiqTech International Inc (NYSEMKT:LIQT) or 10,523 shares. Clear Harbor Asset Mngmt Limited Liability Corporation has invested 0.29% in LiqTech International Inc (NYSEMKT:LIQT). 7,413 were reported by Blackrock Fund Advsrs. Morgan Stanley holds 245,000 shares. Perkins Mgmt Inc holds 0.4% of its portfolio in LiqTech International Inc (NYSEMKT:LIQT) for 573,750 shares. Wells Fargo & Mn reported 10,000 shares. Citadel Advisors Llc has invested 0% in LiqTech International Inc (NYSEMKT:LIQT). Northern Tru owns 12,157 shares for 0% of their portfolio.

The stock of LiqTech International Inc (LIQT) formed a descending triangle with $0.37 target or 4.00 % above today’s $0.36 share price. The 7 months triangle pattern indicates low risk for the $15.35M company. If the $0.37 price target is reached, the company will be worth $614,000 more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock increased 1.43% or $0.005 on August 8, reaching $0.355. About shares traded. LiqTech International Inc (NYSEMKT:LIQT) has declined 54.19% since August 9, 2016 and is downtrending. It has underperformed by 70.89% the S&P500.

Analysts await LiqTech International Inc (NYSEMKT:LIQT) to report earnings on August, 10. They expect $-0.02 EPS, down 100.00 % or $0.01 from last year’s $-0.01 per share. After $-0.03 actual EPS reported by LiqTech International Inc for the previous quarter, Wall Street now forecasts -33.33 % EPS growth.

More notable recent LiqTech International Inc (NYSEMKT:LIQT) news were published by: Prnewswire.com which released: “LiqTech International, Inc. Reports 2016 Second Quarter Results” on August 11, 2016, also Seekingalpha.com with their article: “LiqTech International’s (LIQT) CEO Sune Mathiesen on Q1 2017 Results …” published on May 15, 2017, Seekingalpha.com published: “LiqTech International’s (LIQT) CEO Sune Mathiesen on Q4 2016 Results …” on March 30, 2017. More interesting news about LiqTech International Inc (NYSEMKT:LIQT) were released by: Prnewswire.com and their article: “LiqTech International, Inc. Reports 2017 First Quarter Results” published on May 15, 2017 as well as Prnewswire.com‘s news article titled: “LiqTech International, Inc. to Discuss Results For The Fourth Quarter And Year …” with publication date: March 22, 2017.

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