Clean Energy Technologies (NASDAQ:CETY) Posts Quarterly Earnings Results

Clean Energy Technologies (NASDAQ:CETY) announced its quarterly earnings data on Wednesday. The company reported ($0.47) earnings per share (EPS) for the quarter, Zacks reports. Clean Energy Technologies had a negative return on equity of 83.24% and a negative net margin of 205.68%.

Clean Energy Technologies Trading Down 3.4%

Shares of CETY traded down $0.04 during midday trading on Wednesday, hitting $1.15. The stock had a trading volume of 35,370 shares, compared to its average volume of 60,057. The business has a 50-day simple moving average of $2.75 and a two-hundred day simple moving average of $3.65. The firm has a market cap of $5.39 million, a P/E ratio of -0.96 and a beta of -0.84. Clean Energy Technologies has a fifty-two week low of $1.05 and a fifty-two week high of $11.40.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Clean Energy Technologies in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Clean Energy Technologies Company Profile

Clean Energy Technologies, Inc designs, produces, and markets clean energy products and integrated solutions that focuses on energy efficiency and renewable energy in the United States. It operates through four segments: Clean Energy HRS and CETY Europe, CETY Renewables Waste to Energy Solutions, engineering and Manufacturing Business, and CETY HK.