CLWT Stock Drops Amidst Broader Pollution Control Sector Decline

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Oct 25, 2024

China-based Euro Tech Holdings (CLWT, Financial), saw its stock price sharply decrease by 5.19%. The stock is currently trading at $1.46 per share, with a trading volume of 1,467 shares and a turnover rate of 0.02%. The stock has exhibited a price amplitude of 4.55%.

Recent financial results indicate that Euro Tech Holdings reported revenue of $17.94 million, a net profit of $1.83 million, and earnings per share of $0.24. The company also recorded a gross profit of $3.86 million, with a price-to-earnings ratio of 6.50. There are currently no institutional ratings for CLWT, such as 'buy', 'hold', or 'sell'.

The pollution control industry, to which Euro Tech Holdings belongs, has collectively seen a decrease of 1.44%. However, some related stocks are experiencing gains, such as Liqtech International, Inc., Arq, Inc., and Purecycle Technologies, Inc. Notably active stocks in this sector include Purecycle Technologies, Inc., Cleancore Solutions Inc., and Arq, Inc., with turnover rates of 3.98%, 0.36%, and 0.33% respectively. Stocks with significant price amplitude include Cleancore Solutions Inc., Purecycle Technologies Inc C/Wts 17/03/2026 (To Pur Com), and Purecycle Technologies, Inc., with amplitudes of 17.97%, 12.97%, and 12.16% respectively.

Euro Tech Holdings is a distributor and manufacturer of scientific instruments and an environmental engineering service provider, primarily dealing in process control, analytical testing instruments, and related automation systems for water and wastewater. Its operations are divided into two segments: trading and manufacturing, which focus on water treatment equipment and laboratory instruments, and engineering, which covers water and wastewater treatment and air pollution control. Most of its revenue is sourced from Hong Kong.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.