Clean Energy Technologies, Inc. (NASDAQ:CETY – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $0.87 and traded as low as $0.8550. Clean Energy Technologies shares last traded at $0.8550, with a volume of 6,002 shares changing hands.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Clean Energy Technologies in a report on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has an average rating of “Sell”.
View Our Latest Stock Analysis on CETY
Clean Energy Technologies Trading Down 4.5%
The firm’s 50-day moving average price is $0.98 and its two-hundred day moving average price is $0.87. The stock has a market cap of $10.41 million, a PE ratio of -0.71 and a beta of -1.45.
Clean Energy Technologies (NASDAQ:CETY – Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The company reported ($0.09) EPS for the quarter. The firm had revenue of $0.37 million for the quarter. Clean Energy Technologies had a negative return on equity of 80.91% and a negative net margin of 262.61%.
Clean Energy Technologies Company Profile
Clean Energy Technologies, Inc develops and commercializes clean-energy technologies designed to improve energy efficiency and support distributed power generation. The company focuses on systems that can convert otherwise wasted energy, including waste heat, into useful electricity.
Through its Heat2Power technology, Clean Energy Technologies offers heat-recovery systems that use a linear generator to produce electricity from industrial and commercial waste heat. Its solutions are intended for applications such as combined heat and power, industrial facilities, commercial buildings, and other sites seeking to reduce energy waste and reliance on conventional power sources.
The company also provides related engineering, project-development, and system-integration services for clean-energy and energy-efficiency projects.
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