S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
LiqTech International Inc (NASDAQ:LIQT) stock has hit a 52-week low, trading at $1.34, as the company faces a tumultuous market environment. According to InvestingPro data, the company’s financial health score stands at a concerning 1.22, labeled as ’WEAK’, with EBITDA at -$6.17 million. This latest price level reflects a significant downturn for the firm, with the stock experiencing a steep 1-year change, plummeting by -54.28%. Investors are closely monitoring LIQT’s performance as it navigates through the pressures that have led to this notable decline in its market valuation, including a concerning revenue decline of 16.39% and weak gross profit margins of 6.95%. The 52-week low serves as a critical point of interest for both current shareholders and potential investors, who are considering the company’s future prospects and the potential for a rebound. Discover comprehensive analysis and 14 additional key insights about LIQT with InvestingPro’s detailed research report.
In other recent news, LiqTech International, Inc. has received supplier approval for its Water Treatment System (WTS) designed for use with WinGD’s 2-stroke dual-fuel engines. This approval allows LiqTech to provide its systems to WinGD, its licensees, and authorized service partners. The company’s advanced silicon carbide ceramic membranes are central to the WTS, facilitating the reuse of 80-95% of feed water, which is essential for cleaner fuel applications in the marine industry. This development is significant as approximately 400 new vessels with exhaust gas recirculation solutions are expected between 2024 and 2027, highlighting the potential demand for LiqTech’s systems.
Additionally, LiqTech has announced the appointment of David Kowalczyk as its new Chief Financial and Chief Operating Officer, effective March 1, 2025. Kowalczyk, who has over two decades of experience in finance and operations, will replace Phillip Massie Price, the Interim CFO. His background in finance, strategy, and audit is expected to align with LiqTech’s strategic growth plans. Fei Chen, President and CEO of LiqTech, expressed confidence in Kowalczyk’s ability to advance the company’s financial and operational management. Meanwhile, Price will assist with the transition until his departure in April 2025.
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