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

Equities research analysts at StockNews.com began coverage on shares of Euro Tech (NASDAQ:CLWT) in a research report issued on Wednesday. The firm set a “sell” rating on the stock.

Euro Tech Stock Performance

Euro Tech stock opened at $1.22 on Wednesday. The company’s 50-day moving average is $1.28 and its 200-day moving average is $1.43. Euro Tech has a fifty-two week low of $1.11 and a fifty-two week high of $1.94.

Euro Tech announced that its board has initiated a stock repurchase plan on Thursday, February 20th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are 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 stake in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 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 reporting period. 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.