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

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

Euro Tech Stock Performance

Euro Tech stock opened at $1.20 on Wednesday. The stock’s fifty day moving average price is $1.29 and its two-hundred day moving average price is $1.43. Euro Tech has a one year low of $1.11 and a one year high of $1.94.

Euro Tech declared that its board has approved a share buyback plan on Thursday, February 20th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On 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) in the 3rd quarter, according to its most recent 13F filing with the Securities and 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 approximately 4.05% of Euro Tech at the end of the most recent quarter. Hedge funds and other institutional investors 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.