Euro Tech (NASDAQ:CLWT) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Euro Tech (NASDAQ:CLWT) in a report released on Wednesday. The firm issued a sell rating on the stock.

Euro Tech Stock Performance

NASDAQ CLWT opened at $1.25 on Wednesday. The company has a 50-day moving average price of $1.28 and a two-hundred day moving average price of $1.43. Euro Tech has a 52 week low of $1.11 and a 52 week high of $1.94.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Euro Tech stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing. 2.86% of the stock is owned by hedge funds and other institutional investors.

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.