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

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

Euro Tech Trading Down 1.5 %

NASDAQ:CLWT opened at $1.35 on Friday. The stock has a 50-day moving average price of $1.32 and a 200 day moving average price of $1.46. Euro Tech has a 12-month low of $1.11 and a 12-month high of $1.94.

Euro Tech declared that its Board of Directors has authorized a share buyback program on Thursday, February 20th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Trading of 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 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 quarter. 2.86% of the stock is 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.