Shares of Clean Energy Technologies, Inc. (NASDAQ:CETY – Get Free Report) crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $0.96 and traded as low as $0.9401. Clean Energy Technologies shares last traded at $0.9401, with a volume of 8,257 shares trading hands.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Clean Energy Technologies in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Clean Energy Technologies currently has an average rating of “Sell”.
Read Our Latest Stock Analysis on CETY
Clean Energy Technologies Price Performance
The company has a market capitalization of $11.44 million, a price-to-earnings ratio of -0.78 and a beta of -1.45. The stock has a 50-day moving average price of $0.96 and a 200-day moving average price of $0.87.
Clean Energy Technologies (NASDAQ:CETY – Get Free Report) last posted its earnings results on Wednesday, August 19th. The company reported ($0.09) earnings per share for the quarter. Clean Energy Technologies had a negative return on equity of 80.91% and a negative net margin of 262.61%. The business had revenue of $0.37 million for the quarter.
About Clean Energy Technologies
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.
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