StockNews.com began coverage on shares of Euro Tech (NASDAQ:CLWT – Free Report) in a research report report published on Monday. The firm issued a sell rating on the stock.
Euro Tech Price Performance
CLWT stock opened at $1.17 on Monday. Euro Tech has a one year low of $1.01 and a one year high of $1.94. The company’s 50 day moving average price is $1.22 and its two-hundred day moving average price is $1.33.
Euro Tech declared that its board has approved a stock buyback program on Thursday, February 20th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
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.
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