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

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

Euro Tech Price Performance

NASDAQ CLWT opened at $1.43 on Friday. The business has a 50 day simple moving average of $1.45 and a 200 day simple moving average of $1.53. Euro Tech has a 52-week low of $1.28 and a 52-week high of $1.94.

Institutional Investors Weigh In On Euro Tech

A hedge fund recently bought a new stake in Euro Tech stock. Garden State Investment Advisory Services LLC purchased a new stake in Euro Tech Holdings Company Limited (NASDAQ:CLWT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 312,338 shares of the company’s stock, valued at approximately $509,000. Garden State Investment Advisory Services LLC owned 4.05% of Euro Tech at the end of the most recent reporting period. 2.86% of the stock is currently owned by institutional investors and hedge funds.

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.