ValuEngine cut shares of Euro Tech (NASDAQ:CLWT) from a buy rating to a hold rating in a research note published on Wednesday, ValuEngine reports.

NASDAQ:CLWT opened at $3.84 on Wednesday. Euro Tech has a one year low of $2.25 and a one year high of $11.73.

A hedge fund recently raised its stake in Euro Tech stock. Morgan Stanley grew its position in Euro Tech Holdings Company Ltd (NASDAQ:CLWT) by 121.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,926 shares of the company’s stock after buying an additional 2,697 shares during the period. Morgan Stanley owned approximately 0.24% of Euro Tech worth $27,000 as of its most recent SEC filing. 0.63% of the stock is owned by institutional investors and hedge funds.

About Euro Tech

Euro Tech Holdings Company Limited, through its subsidiaries, distributes water treatment equipment, laboratory instruments, analyzers, test kits and related supplies, and power generation equipment 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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