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

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

Euro Tech Stock Down 4.1 %

Shares of NASDAQ:CLWT opened at $1.40 on Friday. Euro Tech has a 12-month low of $1.28 and a 12-month high of $1.94. The business has a fifty day simple moving average of $1.47 and a 200 day simple moving average of $1.55.

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 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 Securities and Exchange Commission. The fund purchased 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 and Exchange Commission. 2.86% of the stock is currently owned by 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.