Clean Energy Technologies (NASDAQ:CETY) Trading Down 3.7%

Clean Energy Technologies, Inc. (NASDAQ:CETY)’s stock price dropped 3.7% during trading on Wednesday . The company traded as low as $1.01 and last traded at $1.05. Approximately 16,048 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 308,611 shares. The stock had previously closed at $1.09.

Clean Energy Technologies Price Performance

The stock has a market capitalization of $44.63 million, a P/E ratio of -6.93 and a beta of 0.33. The company’s 50 day simple moving average is $1.12 and its two-hundred day simple moving average is $1.20.

Clean Energy Technologies (NASDAQ:CETY) last announced its earnings results on Monday, August 19th. The company reported ($0.02) EPS 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 during the quarter.

Institutional Trading of Clean Energy Technologies

An institutional investor recently bought a new position in Clean Energy Technologies stock. Lwmg LLC purchased a new position in shares of Clean Energy Technologies, Inc. (NASDAQ:CETY) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,405,719 shares of the company’s stock, valued at approximately $1,856,000. Clean Energy Technologies makes up approximately 0.4% of Lwmg LLC’s holdings, making the stock its 26th largest position. Lwmg LLC owned 3.27% of Clean Energy Technologies at the end of the most recent quarter. Institutional investors and hedge funds own 0.49% of the company’s stock.

About Clean Energy Technologies

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.