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

StockNews.com initiated coverage on shares of Euro Tech (NASDAQ:CLWT) in a report released on Monday morning. The firm issued a sell rating on the stock.

Euro Tech Price Performance

CLWT stock opened at $1.45 on Monday. Euro Tech has a 12 month low of $1.28 and a 12 month high of $1.94. The company has a 50-day moving average price of $1.56 and a 200 day moving average price of $1.60.

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 acquired a new stake in Euro Tech Holdings Company Limited (NASDAQ:CLWT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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. 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.