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

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

Euro Tech Price Performance

Euro Tech stock opened at $1.12 on Thursday. Euro Tech has a 12-month low of $1.08 and a 12-month high of $1.94. The firm has a 50 day moving average of $1.26 and a 200 day moving average of $1.41.

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

Institutional Investors Weigh In On Euro Tech

An institutional investor recently bought a new position in Euro Tech stock. Garden State Investment Advisory Services LLC bought a new position in Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the third quarter, according to its most recent filing with the SEC. The firm bought 312,338 shares of the company’s stock, valued at approximately $509,000. Garden State Investment Advisory Services LLC owned approximately 4.05% of Euro Tech as of its most recent SEC filing. Institutional investors and hedge funds own 2.86% of the company’s stock.

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.