Clean Energy Technologies (NASDAQ:CETY) Shares Down 5.1% – Time to Sell?

Clean Energy Technologies, Inc. (NASDAQ:CETY) shares dropped 5.1% during trading on Friday . The stock traded as low as $0.69 and last traded at $0.69. Approximately 25,228 shares traded hands during trading, a decline of 90% from the average daily volume of 264,432 shares. The stock had previously closed at $0.73.

Clean Energy Technologies Price Performance

The company has a market cap of $29.63 million, a PE ratio of -4.60 and a beta of 0.33. The stock has a 50 day simple moving average of $0.96 and a two-hundred day simple moving average of $1.18.

Clean Energy Technologies (NASDAQ:CETY) last issued its quarterly earnings results on Monday, August 19th. The company reported ($0.02) earnings per share for the quarter. Clean Energy Technologies had a negative return on equity of 120.10% and a negative net margin of 66.61%. The business had revenue of $0.20 million for the quarter.

Hedge Funds Weigh In On Clean Energy Technologies

A hedge fund recently bought a new stake in Clean Energy Technologies stock. Lwmg LLC bought a new stake in Clean Energy Technologies, Inc. (NASDAQ:CETY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,405,719 shares of the company’s stock, valued at approximately $1,856,000. Clean Energy Technologies comprises 0.4% of Lwmg LLC’s investment portfolio, making the stock its 26th biggest position. Lwmg LLC owned 3.27% of Clean Energy Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.49% of the company’s stock.

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.