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

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

Euro Tech Stock Performance

Shares of NASDAQ:CLWT opened at $1.21 on Friday. Euro Tech has a 52-week low of $1.02 and a 52-week high of $1.94. The business has a fifty day moving average of $1.22 and a two-hundred day moving average of $1.36.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Euro Tech stock. Garden State Investment Advisory Services LLC acquired a new position in Euro Tech Holdings Company Limited (NASDAQ:CLWT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 312,338 shares of the company’s stock, valued at approximately $509,000. Garden State Investment Advisory Services LLC owned about 4.05% of Euro Tech as of its most recent filing with the Securities and Exchange Commission. 2.86% of the stock is owned by institutional investors and hedge funds.

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.