StockNews.com began coverage on shares of Euro Tech (NASDAQ:CLWT – Free Report) in a research note published on Wednesday. The firm issued a sell rating on the stock.
Euro Tech Stock Performance
CLWT stock opened at $1.14 on Wednesday. Euro Tech has a twelve month low of $1.01 and a twelve month high of $1.94. The business’s fifty day simple moving average is $1.18 and its two-hundred day simple moving average is $1.31.
Euro Tech announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 20th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
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.
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