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

Research analysts at StockNews.com began coverage on shares of Euro Tech (NASDAQ:CLWT) in a report released on Wednesday. The brokerage set a “sell” rating on the stock.

Euro Tech Trading Down 3.1 %

CLWT stock opened at $1.24 on Wednesday. The firm has a 50-day moving average of $1.29 and a two-hundred day moving average of $1.43. Euro Tech has a 12 month low of $1.11 and a 12 month high of $1.94.

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

Institutional Trading of Euro Tech

An institutional investor recently bought a new position in Euro Tech stock. Garden State Investment Advisory Services LLC bought a new stake in Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission. 2.86% of the stock is currently owned by institutional investors and hedge funds.

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.