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

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

Euro Tech Stock Performance

CLWT opened at $1.41 on Monday. The stock’s fifty day moving average is $1.32 and its two-hundred day moving average is $1.45. Euro Tech has a 52 week low of $1.11 and a 52 week high of $1.94.

Euro Tech declared that its board has approved 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 purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership 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 stake in Euro Tech Holdings Company Limited (NASDAQ:CLWT) during the third quarter, according to its most recent filing with the 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 at the end of the most recent quarter. Institutional investors and hedge funds 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.