Euro Tech (NASDAQ:CLWT) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Euro Tech (NASDAQ:CLWT) in a research note released on Monday morning. The brokerage issued a sell rating on the stock.

Euro Tech Price Performance

CLWT opened at $1.40 on Monday. The business has a 50 day simple moving average of $1.32 and a 200-day simple moving average of $1.45. Euro Tech has a 12 month low of $1.11 and a 12 month high of $1.94.

Euro Tech announced that its board has approved a stock repurchase plan on Thursday, February 20th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Euro Tech

A hedge fund recently bought a new stake in Euro Tech stock. Garden State Investment Advisory Services LLC acquired a new position in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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 & Exchange Commission. Institutional investors and hedge funds own 2.86% of the company’s stock.

About Euro Tech

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.