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

StockNews.com started coverage on shares of Euro Tech (NASDAQ:CLWT) in a report issued on Saturday morning. The firm issued a sell rating on the stock.

Euro Tech Stock Performance

Shares of NASDAQ:CLWT opened at $1.18 on Friday. The company has a 50-day moving average price of $1.34 and a 200 day moving average price of $1.47. Euro Tech has a 52 week low of $1.11 and a 52 week high of $1.94.

Euro Tech declared that its Board of Directors has authorized a share buyback program on Thursday, February 20th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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. The institutional investor 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 SEC filing. 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.