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

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

Euro Tech Trading Down 0.4 %

Shares of NASDAQ CLWT opened at $1.12 on Thursday. The firm’s 50-day moving average price is $1.26 and its 200-day moving average price is $1.41. Euro Tech has a 1-year low of $1.08 and a 1-year high of $1.94.

Euro Tech announced that its board has approved a stock buyback plan on Thursday, February 20th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is 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 Euro Tech Holdings Company Limited (NASDAQ:CLWT) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 312,338 shares of the company’s stock, valued at approximately $509,000. Garden State Investment Advisory Services LLC owned about 4.05% of Euro Tech at the end of the most recent reporting period. 2.86% of the stock is currently owned by institutional investors and hedge funds.

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.