StockNews.com Initiates Coverage on Euro Tech (NASDAQ:CLWT)

Stock analysts at StockNews.com initiated coverage on shares of Euro Tech (NASDAQ:CLWT) in a research note issued to investors on Sunday. The firm set a “sell” rating on the stock.

Euro Tech Stock Performance

Shares of CLWT opened at $1.35 on Friday. Euro Tech has a 52-week low of $1.11 and a 52-week high of $1.94. The business has a fifty day moving average of $1.32 and a 200 day moving average of $1.46.

Euro Tech declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 20th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Institutional Trading of Euro Tech

A hedge fund recently bought a new stake in Euro Tech stock. Garden State Investment Advisory Services LLC purchased a new position in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 312,338 shares of the company’s stock, valued at approximately $509,000. Garden State Investment Advisory Services LLC owned about 4.05% of Euro Tech as of its most recent filing with the Securities and Exchange Commission. 2.86% of the stock is owned by hedge funds and other institutional investors.

Euro Tech Company Profile

Euro Tech Holdings Company Limited primarily distributes water treatment equipment, laboratory instruments, analyzers, test kits and related supplies, and power generation equipment to commercial customers, and governmental agencies in Hong Kong and the People's Republic of China. The company operates in two segments, Trading and Manufacturing, and Engineering.