Euro Tech (NASDAQ:CLWT) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Euro Tech (NASDAQ:CLWT) in a research report sent to investors on Tuesday. The brokerage issued a sell rating on the stock.

Euro Tech Stock Down 2.4 %

Shares of NASDAQ CLWT opened at $1.20 on Tuesday. Euro Tech has a 1-year low of $1.11 and a 1-year high of $1.94. The business’s fifty day moving average price is $1.30 and its two-hundred day moving average price is $1.44.

Euro Tech declared that its board has initiated a stock buyback program on Thursday, February 20th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

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 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 filing with the Securities & Exchange Commission. Institutional investors own 2.86% of the company’s stock.

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.