ClearSign Technologies (NASDAQ:CLIR) Research Coverage Started at StockNews.com

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

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

ClearSign Technologies Trading Up 0.6 %

NASDAQ CLIR opened at $0.88 on Friday. ClearSign Technologies has a 12 month low of $0.62 and a 12 month high of $1.72. The stock has a 50-day simple moving average of $0.80 and a 200 day simple moving average of $0.80. The company has a market capitalization of $44.18 million, a PE ratio of -7.33 and a beta of 1.07.

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, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $0.05 million for the quarter, compared to the consensus estimate 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 period last year, the company posted ($0.04) EPS. As a group, sell-side analysts predict that ClearSign Technologies will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of ClearSign Technologies

An institutional investor recently bought a new position in ClearSign Technologies stock. Americana Partners LLC acquired a new position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 30,000 shares of the technology company’s stock, valued at approximately $25,000. Americana Partners LLC owned 0.06% of ClearSign Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 24.03% of the company’s stock.

About ClearSign Technologies

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.