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

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

Euro Tech Stock Down 8.2 %

NASDAQ:CLWT opened at $1.23 on Tuesday. The stock has a 50 day moving average of $1.30 and a 200-day moving average of $1.44. Euro Tech has a 52 week low of $1.11 and a 52 week high of $1.94.

Euro Tech declared that its board has approved a stock buyback plan on Thursday, February 20th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management 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 acquired a new position in Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 reporting period. 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.