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

StockNews.com assumed coverage on shares of Euro Tech (NASDAQ:CLWT) in a research note issued to investors on Thursday morning. The brokerage issued a sell rating on the stock.

Euro Tech Price Performance

NASDAQ CLWT opened at $1.13 on Thursday. Euro Tech has a 1-year low of $1.08 and a 1-year high of $1.94. The business’s fifty day moving average price is $1.27 and its 200-day moving average price is $1.41.

Euro Tech announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 20th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Euro Tech

An institutional investor recently bought a new position in Euro Tech stock. Garden State Investment Advisory Services LLC purchased a new position in Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent SEC filing. 2.86% of the stock is owned by institutional investors and hedge funds.

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.