Euro Tech (NASDAQ:CLWT) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Euro Tech (NASDAQ:CLWT) in a research report report published on Saturday morning. The firm issued a sell rating on the stock.

Euro Tech Trading Down 0.8 %

CLWT stock opened at $1.18 on Friday. Euro Tech has a 12 month low of $1.11 and a 12 month high of $1.94. The company has a fifty day moving average price of $1.34 and a 200 day moving average price of $1.47.

Euro Tech declared that its board has initiated a share buyback program on Thursday, February 20th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership 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 bought a new stake in Euro Tech Holdings Company Limited (NASDAQ:CLWT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 312,338 shares of the company’s stock, valued at approximately $509,000. Garden State Investment Advisory Services LLC owned 4.05% of Euro Tech at the end of the most recent quarter. Institutional investors own 2.86% of the company’s stock.

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.