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

StockNews.com initiated coverage on shares of Euro Tech (NASDAQ:CLWT) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the stock.

Euro Tech Price Performance

CLWT stock opened at $1.44 on Monday. The stock has a 50-day moving average price of $1.57 and a 200-day moving average price of $1.61. Euro Tech has a 1-year low of $1.28 and a 1-year high of $1.94.

Hedge Funds 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) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 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 as of its most recent SEC filing. Institutional investors 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.