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

Analysts at StockNews.com started coverage on shares of Euro Tech (NASDAQ:CLWT) in a note issued to investors on Wednesday. The firm set a “sell” rating on the stock.

Euro Tech Stock Performance

Shares of CLWT opened at $1.45 on Wednesday. The business has a 50-day moving average of $1.52 and a 200-day moving average of $1.58. Euro Tech has a 1 year low of $1.28 and a 1 year high of $1.94.

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 acquired a new position in Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 at the end of the most recent quarter. Institutional investors and hedge funds 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.