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

by · The Markets Daily

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

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

Get Our Latest Analysis on ClearSign Technologies

ClearSign Technologies Stock Up 1.4 %

Shares of CLIR stock opened at $0.88 on Friday. The firm has a fifty day moving average of $0.80 and a 200-day moving average of $0.80. ClearSign Technologies has a 12-month low of $0.62 and a 12-month high of $1.72. The company has a market capitalization of $43.93 million, a price-to-earnings ratio of -7.29 and a beta of 1.06.

ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last issued its quarterly earnings data on Wednesday, August 21st. The technology company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). ClearSign Technologies had a negative net margin of 210.18% and a negative return on equity of 66.91%. The company had revenue of $0.05 million during the quarter, compared to the consensus estimate of $0.33 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. On average, equities analysts expect that ClearSign Technologies will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ClearSign Technologies stock. Americana Partners LLC bought a new position in shares of ClearSign Technologies Co. (NASDAQ:CLIR – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,000 shares of the technology company’s stock, valued at approximately $25,000. Americana Partners LLC owned about 0.06% of ClearSign Technologies at the end of the most recent quarter. Institutional investors and hedge funds own 24.03% of the company’s stock.

About ClearSign Technologies

(Get Free Report)

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.

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