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

StockNews.com started coverage on shares of Euro Tech (NASDAQ:CLWT) in a research note released on Thursday morning. The brokerage issued a sell rating on the stock.

Euro Tech Stock Up 2.2 %

Euro Tech stock opened at $1.42 on Thursday. Euro Tech has a 12 month low of $1.28 and a 12 month high of $1.94. The stock’s 50 day moving average is $1.49 and its 200-day moving average is $1.56.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Euro Tech stock. Garden State Investment Advisory Services LLC purchased a new position in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 (SEC). 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.