Euro Tech (NASDAQ:CLWT) Coverage Initiated at StockNews.com

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

Euro Tech Stock Performance

Shares of CLWT stock opened at $1.50 on Friday. Euro Tech has a fifty-two week low of $1.28 and a fifty-two week high of $1.94. The stock has a 50 day moving average price of $1.47 and a two-hundred day moving average price of $1.55.

Hedge Funds Weigh In On Euro Tech

A hedge fund recently bought a new stake in Euro Tech stock. Garden State Investment Advisory Services LLC bought a new stake in shares of Euro Tech Holdings Company Limited (NASDAQ:CLWT) during the third quarter, according to the company in its most recent 13F filing with the Securities and 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 quarter. 2.86% of the stock is owned by institutional investors.

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.