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

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

Euro Tech Stock Up 0.8 %

CLWT stock opened at $1.35 on Monday. The firm’s fifty day simple moving average is $1.31 and its 200-day simple moving average is $1.45. Euro Tech has a 12 month low of $1.11 and a 12 month high of $1.94.

Euro Tech announced that its Board of Directors has initiated a share buyback program on Thursday, February 20th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board 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 acquired a new position in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 312,338 shares of the company’s stock, valued at approximately $509,000. Garden State Investment Advisory Services LLC owned 4.05% of Euro Tech as of its most recent filing with the Securities & Exchange Commission. 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.