Euro Tech (NASDAQ:CLWT – Get Free Report) announced that its Board of Directors has authorized a share buyback plan on Thursday, February 20th, RTT News reports. The company plans to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
Euro Tech Price Performance
CLWT opened at $1.19 on Friday. Euro Tech has a 12 month low of $1.11 and a 12 month high of $1.94. The stock has a fifty day moving average price of $1.35 and a 200-day moving average price of $1.47.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on Euro Tech in a research report on Friday, February 14th. They set a “sell” rating for the company.
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.
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