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

Analysts at StockNews.com initiated coverage on shares of Euro Tech (NASDAQ:CLWT) in a research note issued on Friday. The brokerage set a “sell” rating on the stock.

Euro Tech Trading Up 3.0 %

CLWT opened at $1.19 on Friday. Euro Tech has a 1-year low of $1.02 and a 1-year high of $1.94. The firm’s 50 day simple moving average is $1.23 and its two-hundred day simple moving average is $1.38.

Euro Tech announced that its board has initiated a stock buyback plan on Thursday, February 20th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign 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 bought a new position in Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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. 2.86% of the stock is owned by hedge funds and other institutional investors.

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.