Clean Energy Technologies (NASDAQ:CETY) Shares Down 0.9% – Time to Sell?

Shares of Clean Energy Technologies, Inc. (NASDAQ:CETY) dropped 0.9% on Friday . The stock traded as low as $1.08 and last traded at $1.10. Approximately 27,126 shares changed hands during trading, a decline of 55% from the average daily volume of 60,412 shares. The stock had previously closed at $1.11.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Clean Energy Technologies in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Clean Energy Technologies Trading Down 0.9%

The company has a market cap of $5.15 million, a price-to-earnings ratio of -0.92 and a beta of -0.85. The business’s 50 day moving average price is $2.85 and its 200-day moving average price is $3.74.

Clean Energy Technologies (NASDAQ:CETY) last announced its quarterly earnings results on Tuesday, August 19th. The company reported ($0.30) EPS for the quarter. Clean Energy Technologies had a negative net margin of 205.68% and a negative return on equity of 83.24%. The company had revenue of $0.24 million during the quarter.

About Clean Energy Technologies

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.