Clean Energy Technologies (NASDAQ:CETY) Trading Down 2.1% – Time to Sell?

Clean Energy Technologies, Inc. (NASDAQ:CETY)’s stock price dropped 2.1% during mid-day trading on Monday . The company traded as low as $0.7842 and last traded at $0.8103. Approximately 65,913 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 531,100 shares. The stock had previously closed at $0.8280.

Wall Street Analysts Forecast Growth

CETY has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Clean Energy Technologies in a research report on Wednesday, January 21st. Wall Street Zen upgraded Clean Energy Technologies to a “sell” rating in a research report on Saturday, December 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Clean Energy Technologies Price Performance

The company has a market capitalization of $4.33 million, a P/E ratio of -0.66 and a beta of -1.31. The stock’s 50 day simple moving average is $0.79 and its two-hundred day simple moving average is $1.64.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Clean Energy Technologies stock. SG Americas Securities LLC acquired a new position in shares of Clean Energy Technologies, Inc. (NASDAQ:CETY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 44,633 shares of the company’s stock, valued at approximately $32,000. SG Americas Securities LLC owned approximately 0.84% of Clean Energy Technologies as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.49% of the company’s stock.

About Clean Energy Technologies

Clean Energy Technologies, Inc (NASDAQ: CETY) is an energy technology company focused on the design, development and operation of renewable natural gas (RNG) systems. By deploying anaerobic digestion solutions, the company captures methane emissions from agricultural and organic waste streams and upgrades it into pipeline-quality RNG. This process not only reduces greenhouse gas emissions but also provides a sustainable energy alternative that can be used in utility gas grids, heavy-duty transportation and industrial applications.

The company offers a turnkey service model that spans project feasibility, engineering, equipment supply, construction management, financing and ongoing operations and maintenance.