Euro Tech (NASDAQ:CLWT) Now Covered by Analysts at StockNews.com

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

Euro Tech Stock Performance

Euro Tech stock opened at $1.34 on Monday. Euro Tech has a 1 year low of $1.11 and a 1 year high of $1.94. The firm’s 50 day moving average price is $1.31 and its two-hundred day moving average price is $1.45.

Euro Tech declared that its board has authorized a stock repurchase 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. Stock buyback programs are often 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 acquired a new position in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 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 and Exchange Commission. Hedge funds and other institutional investors own 2.86% of the company’s stock.

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.