ClearSign Technologies (NASDAQ:CLIR) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a report published on Wednesday morning. The firm issued a sell rating on the technology company’s stock.

Separately, HC Wainwright restated a buy rating and set a $6.00 price objective on shares of ClearSign Technologies in a research note on Thursday, August 22nd.

ClearSign Technologies Price Performance

NASDAQ:CLIR opened at $0.84 on Wednesday. ClearSign Technologies has a 1-year low of $0.62 and a 1-year high of $1.72. The company has a 50-day moving average of $0.77 and a 200 day moving average of $0.82. The firm has a market cap of $41.97 million, a PE ratio of -6.97 and a beta of 1.06.

ClearSign Technologies (NASDAQ:CLIR) last announced its quarterly earnings results on Wednesday, August 21st. The technology company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.33 million. ClearSign Technologies had a negative net margin of 210.18% and a negative return on equity of 66.91%. During the same quarter in the prior year, the company earned ($0.04) EPS. Sell-side analysts anticipate that ClearSign Technologies will post -0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Disciplined Investments LLC lifted its holdings in ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,016 shares of the technology company’s stock after purchasing an additional 33,152 shares during the quarter. Disciplined Investments LLC owned about 0.12% of ClearSign Technologies worth $46,000 as of its most recent SEC filing. 24.03% of the stock is owned by hedge funds and other institutional investors.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation designs and develops products and technologies to enhance emission and operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong.