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

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

Euro Tech Stock Down 8.2 %

Shares of NASDAQ CLWT opened at $1.23 on Tuesday. The stock has a fifty day moving average price of $1.30 and a two-hundred day moving average price of $1.44. Euro Tech has a 1 year low of $1.11 and a 1 year high of $1.94.

Euro Tech declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 20th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Euro Tech

An institutional investor recently bought a new position in Euro Tech stock. Garden State Investment Advisory Services LLC purchased a new stake in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 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 filing with the SEC. 2.86% of the stock is owned by institutional investors.

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.