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

Analysts at StockNews.com assumed coverage on shares of Euro Tech (NASDAQ:CLWTGet Free Report) in a research report issued on Tuesday. The brokerage set a “sell” rating on the stock.

Euro Tech Stock Up 3.1 %

Shares of Euro Tech stock opened at $1.35 on Tuesday. The stock’s fifty day moving average is $1.31 and its 200 day moving average is $1.44. Euro Tech has a one year low of $1.11 and a one year high of $1.94.

Euro Tech declared that its board has authorized a share repurchase plan on Thursday, February 20th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Institutional Trading of Euro Tech

An institutional investor recently bought a new position in Euro Tech stock. Garden State Investment Advisory Services LLC purchased a new stake in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWTFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities & 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 about 4.05% of Euro Tech at the end of the most recent quarter. Institutional investors own 2.86% of the company’s stock.

Euro Tech Company Profile

(Get Free Report)

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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