StockNews.com Begins Coverage on ClearSign Technologies (NASDAQ:CLIR)

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

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

ClearSign Technologies Stock Performance

NASDAQ CLIR opened at $0.88 on Friday. ClearSign Technologies has a fifty-two week low of $0.62 and a fifty-two week high of $1.72. The firm’s fifty day moving average price is $0.80 and its two-hundred day moving average price is $0.80. The stock has a market cap 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 (EPS) for the quarter, meeting 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 period in the prior 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 Inflows and Outflows

A hedge fund recently bought a new stake in ClearSign Technologies stock. Americana Partners LLC purchased a new stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 30,000 shares of the technology company’s stock, valued at approximately $25,000. Americana Partners LLC owned about 0.06% of ClearSign Technologies as of its most recent filing with the SEC. 24.03% of the stock is owned by 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.