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

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

Euro Tech Price Performance

Shares of CLWT stock opened at $1.12 on Thursday. Euro Tech has a fifty-two week low of $1.08 and a fifty-two week high of $1.94. The stock’s 50-day simple moving average is $1.26 and its 200-day simple moving average is $1.41.

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

Institutional Trading of 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 shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the third quarter, according to its most recent 13F filing with the Securities & 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 4.05% of Euro Tech at the end of the most recent reporting period. Institutional investors and hedge funds 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.