Euro Tech (NASDAQ:CLWT) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Euro Tech (NASDAQ:CLWT) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the stock.

Euro Tech Stock Performance

Shares of NASDAQ CLWT opened at $1.35 on Tuesday. The firm’s 50-day moving average price is $1.31 and its 200-day moving average price is $1.44. Euro Tech has a 12-month low of $1.11 and a 12-month high of $1.94.

Euro Tech declared that its board has authorized a stock buyback plan on Thursday, February 20th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Institutional Trading of Euro Tech

An institutional investor recently bought a new position in Euro Tech stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 SEC filing. 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.