Euro Tech (NASDAQ:CLWT – Get Free Report) announced that its board has initiated a share buyback plan on Thursday, February 20th, RTT News reports. The company plans to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
Euro Tech Price Performance
NASDAQ CLWT traded down $0.01 during midday trading on Thursday, hitting $1.15. The company had a trading volume of 36,186 shares, compared to its average volume of 9,963. Euro Tech has a twelve month low of $1.11 and a twelve month high of $1.94. The firm has a 50-day moving average price of $1.35 and a 200-day moving average price of $1.47.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on Euro Tech in a research report on Friday, February 14th. They issued a “sell” rating for the company.
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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