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

StockNews.com started coverage on shares of Euro Tech (NASDAQ:CLWT) in a research report released on Tuesday. The brokerage issued a sell rating on the stock.

Euro Tech Price Performance

NASDAQ CLWT opened at $1.42 on Tuesday. Euro Tech has a twelve month low of $1.28 and a twelve month high of $1.94. The company’s 50-day simple moving average is $1.55 and its 200 day simple moving average is $1.59.

Institutional Trading of Euro Tech

A hedge fund recently bought a new stake in Euro Tech stock. Garden State Investment Advisory Services LLC bought a new position in Euro Tech Holdings Company Limited (NASDAQ:CLWT) during the 3rd quarter, according to its most recent Form 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 reporting period. 2.86% of the stock is owned by hedge funds and other 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.