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 report sent to investors on Saturday morning. The firm issued a sell rating on the stock.

Euro Tech Stock Performance

Shares of CLWT opened at $1.19 on Friday. The stock’s fifty day moving average price is $1.35 and its two-hundred day moving average price is $1.47. Euro Tech has a 1 year low of $1.11 and a 1 year high of $1.94.

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

Institutional Investors Weigh In On 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 Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 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 at the end of the most recent quarter. 2.86% of the stock is currently owned by institutional investors.

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.