Shares of Clean Energy Technologies, Inc. (NASDAQ:CETY – Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-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 traded.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Clean Energy Technologies in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on Clean Energy Technologies
Clean Energy Technologies Trading Up 3.1%
The business has a 50-day moving average of $0.97 and a 200 day moving average of $0.87.
Clean Energy Technologies (NASDAQ:CETY – Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The company reported ($0.09) earnings per share (EPS) for the quarter. Clean Energy Technologies had a negative return on equity of 80.91% and a negative net margin of 262.61%. The firm had revenue of $0.37 million during 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.
The company also provides related engineering, project-development, and system-integration services for clean-energy and energy-efficiency projects.
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