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

StockNews.com began coverage on shares of Euro Tech (NASDAQ:CLWT) in a research report sent to investors on Wednesday. The brokerage issued a sell rating on the stock.

Euro Tech Stock Up 1.5 %

Shares of CLWT opened at $1.33 on Wednesday. The company has a 50 day moving average of $1.41 and a 200-day moving average of $1.49. Euro Tech has a twelve month low of $1.22 and a twelve month high of $1.94.

Institutional Investors 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 shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 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 Securities & Exchange Commission. Hedge funds and other institutional investors 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.