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

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

Euro Tech Stock Up 3.2 %

Shares of Euro Tech stock opened at $1.43 on Friday. Euro Tech has a 12 month low of $1.28 and a 12 month high of $1.94. The business has a fifty day simple moving average of $1.45 and a 200 day simple moving average of $1.53.

Institutional Trading of Euro Tech

An institutional investor recently bought a new position 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 filing with the Securities & Exchange Commission. The firm bought 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 as of its most recent filing with the Securities & Exchange Commission. 2.86% of the stock is currently owned by hedge funds and other institutional investors.

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.