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

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

Euro Tech Stock Performance

NASDAQ:CLWT opened at $1.39 on Friday. The company has a 50-day moving average of $1.32 and a 200-day moving average of $1.45. Euro Tech has a twelve month low of $1.11 and a twelve month high of $1.94.

Euro Tech announced that its Board of Directors has approved a share repurchase plan on Thursday, February 20th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Euro Tech

A hedge fund recently bought a new stake in Euro Tech stock. Garden State Investment Advisory Services LLC purchased a new stake in Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 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 as of its most recent SEC filing. 2.86% of the stock is currently owned by institutional investors and hedge funds.

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.