Clean Energy Technologies (NASDAQ:CETY) Stock Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Clean Energy Technologies, Inc. (NASDAQ:CETY)’s share price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $0.86 and traded as low as $0.8218. Clean Energy Technologies shares last traded at $0.8290, with a volume of 8,166 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Clean Energy Technologies in a report on Thursday, October 15th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

Clean Energy Technologies Trading Down 10.4%

The stock has a 50-day moving average of $0.99 and a two-hundred day moving average of $0.86. The firm has a market cap of $10.09 million, a price-to-earnings ratio of -0.69 and a beta of -1.48.

Clean Energy Technologies (NASDAQ:CETY) last posted 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 company 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.

The company also provides related engineering, project-development, and system-integration services for clean-energy and energy-efficiency projects.