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

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

Euro Tech Price Performance

Shares of Euro Tech stock opened at $1.19 on Friday. The stock has a 50 day moving average of $1.23 and a 200 day moving average of $1.38. Euro Tech has a 12 month low of $1.02 and a 12 month high of $1.94.

Euro Tech declared that its board has authorized a share repurchase plan on Thursday, February 20th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Euro Tech

An institutional investor recently bought a new position in Euro Tech stock. Garden State Investment Advisory Services LLC bought a new position in Euro Tech Holdings Company Limited (NASDAQ:CLWT) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 312,338 shares of the company’s stock, valued at approximately $509,000. Garden State Investment Advisory Services LLC owned about 4.05% of Euro Tech as of its most recent SEC filing. 2.86% of the stock is owned by institutional investors.

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.