Clean Energy Technologies (NASDAQ:CETY) Posts Earnings Results

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

Clean Energy Technologies Stock Down 3.4%

Clean Energy Technologies stock traded down $0.04 during mid-day trading on Wednesday, reaching $1.15. 35,369 shares of the company’s stock were exchanged, compared to its average volume of 60,029. Clean Energy Technologies has a twelve month low of $1.05 and a twelve month high of $11.40. The company has a market cap of $5.39 million, a P/E ratio of -0.96 and a beta of -0.84. The company has a fifty day moving average of $2.75 and a 200-day moving average of $3.65.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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, Clean Energy Technologies presently 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.