Euro Tech (NASDAQ:CLWT – Get Free Report) announced that its board has authorized a share buyback program on Thursday, February 20th, RTT News reports. The company plans to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
Euro Tech Stock Up 3.5 %
CLWT stock opened at $1.19 on Friday. Euro Tech has a 52 week low of $1.11 and a 52 week high of $1.94. The business has a 50-day simple moving average of $1.35 and a 200 day simple moving average of $1.47.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on Euro Tech in a research note on Saturday. They issued a “sell” rating for the company.
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.
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