Clean Energy Technologies (NASDAQ:CETY) Shares Climb 0.7% – Here’s Why

Shares of Clean Energy Technologies, Inc. (NASDAQ:CETY) were up 0.7% during mid-day trading on Tuesday. The stock traded as high as $0.98 and last traded at $0.9770. 3,239 shares were traded during trading, a decline of 74% from the average session volume of 12,549 shares. The stock had previously closed at $0.97.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Clean Energy Technologies in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.

Clean Energy Technologies Stock Up 0.6%

The stock has a fifty day moving average of $0.99 and a 200-day moving average of $0.89. The firm has a market capitalization of $11.71 million, a P/E ratio of -0.80 and a beta of -1.48.

Clean Energy Technologies (NASDAQ:CETY) last announced its quarterly earnings data on Wednesday, August 19th. The company reported ($0.09) EPS for the quarter. The firm had revenue of $0.37 million during the quarter. Clean Energy Technologies had a negative return on equity of 80.91% and a negative net margin of 262.61%.

Clean Energy Technologies Company Profile

Clean Energy Technologies, Inc develops and provides clean-energy and energy-efficiency solutions for commercial, industrial, and other distributed-energy applications. The company focuses on recovering usable electricity from waste heat and supporting renewable and decentralized power generation.

Its offerings have included waste-heat-to-power systems, combined heat and power solutions, biomass-related energy systems, microgrid applications, and related engineering, installation, and consulting services.