Euro Tech (NASDAQ:CLWT) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Euro Tech (NASDAQ:CLWT) in a report released on Wednesday. The brokerage issued a sell rating on the stock.

Euro Tech Stock Performance

Shares of Euro Tech stock opened at $1.25 on Wednesday. Euro Tech has a 1 year low of $1.11 and a 1 year high of $1.94. The firm’s 50-day simple moving average is $1.28 and its 200-day simple moving average is $1.43.

Euro Tech announced that its Board of Directors has authorized a share buyback plan on Thursday, February 20th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

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 third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 (SEC). 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.