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

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

Euro Tech Stock Performance

Euro Tech stock opened at $1.50 on Friday. The firm has a 50 day moving average price of $1.47 and a two-hundred day moving average price of $1.56. Euro Tech has a 52-week low of $1.28 and a 52-week high of $1.94.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Euro Tech stock. Garden State Investment Advisory Services LLC bought a new position in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 312,338 shares of the company’s stock, valued at approximately $509,000. Garden State Investment Advisory Services LLC owned approximately 4.05% of Euro Tech at the end of the most recent reporting period. 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.