December 19, 2005
SpeculatingStocks.com Stock Pick: Euro Tech Holdings Co. Ltd. (CLWT)
Stock Price: $3.16 (long-term strong buy)
Euro Tech Holdings Company Limited is a premium distributor and manufacturer of high-quality technology instruments. Their instruments are designed to meet the environmental needs of the China market. Euro Tech is currently focusing on areas such as water treatment, water plant, power plant, metals and petrochemicals for which the company can supply monitoring instruments, gas chlorinators, analytical instruments and testing equipment.
The company is confident it will now comply with the Sarbanes-Oxley Act and its internal control and reporting requirements. Last year, the firm reported revenue of $32.2 million with net income of $594,000. Right now, CLWT has a market cap of only $20.33 million.
CLWT is currently near major long-term support and at short-term support. In the past, CLWT has jumped higher on major volume. This kind of action is not out of the question as the company moves forward.
SpeculatingStocks.com Target Price: We expect CLWT to reach $4.50 within the next 2 - 4 months.