StockNews.com Initiates Coverage on Euro Tech (NASDAQ:CLWT)

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

Euro Tech Trading Down 3.5 %

Shares of NASDAQ CLWT opened at $1.14 on Friday. Euro Tech has a fifty-two week low of $1.02 and a fifty-two week high of $1.94. The stock has a fifty day moving average of $1.22 and a 200-day moving average of $1.35.

Euro Tech declared that its board has approved a stock buyback program on Thursday, February 20th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership 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 bought a new position in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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. Hedge funds and other institutional investors 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.