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In a challenging market environment, LiqTech International Inc (NASDAQ:LIQT) stock has recorded a new 52-week low, dipping to $1.41. The company, known for its advanced filtration technologies, has faced significant headwinds over the past year, with a market capitalization shrinking to $13.6 million and concerning financial metrics. According to InvestingPro data, LIQT’s performance shows a substantial 1-year decline of -54.32%, while its gross profit margin stands at a concerning 6.95%. Investors have shown concern as the stock struggles to regain momentum, with EBITDA at -$6.17 million and revenue declining by 16.39% over the last twelve months. The current price level represents a critical juncture for the company, as market watchers and stakeholders closely monitor LIQT’s ability to navigate through the prevailing market conditions and strategize for a potential rebound. InvestingPro analysis indicates the stock is currently undervalued, with 14 additional key insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, LiqTech International, Inc. has received supplier approval for its Water Treatment System designed for WinGD’s dual-fuel marine engines. This endorsement allows LiqTech to provide its systems to WinGD and its partners, marking a significant step in the company’s efforts to support the maritime industry’s shift towards cleaner fuel applications. Additionally, LiqTech has appointed David Kowalczyk as the new Chief Financial and Chief Operating Officer, effective March 1, 2025. Kowalczyk brings over two decades of experience in finance and operations, which aligns with LiqTech’s strategic growth plans.
Furthermore, LiqTech has secured a substantial order for its PureFlow™ mobile filtration units from Razorback Direct, a Houston-based company. These units are designed to handle challenging water management tasks in the energy sector, offering efficient solutions with minimal manpower. This order signifies a milestone for LiqTech, highlighting the industry’s confidence in their technology. The PureFlow™ units are expected to be delivered in the first quarter of 2025, reinforcing LiqTech’s presence in the North American energy market.
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