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

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

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

ClearSign Technologies Price Performance

NASDAQ CLIR opened at $0.94 on Friday. The firm’s fifty day moving average price is $0.83 and its 200 day moving average price is $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 $47.20 million, a price-to-earnings ratio of -7.83 and a beta of 1.07.

ClearSign Technologies (NASDAQ:CLIR) 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 return on equity of 66.91% and a negative net margin of 210.18%. The company had revenue of $0.05 million for the quarter, compared to analyst estimates of $0.33 million. During the same quarter last year, the company posted ($0.04) earnings per share. As a group, sell-side analysts forecast that ClearSign Technologies will post -0.13 earnings per share for the current year.

Institutional Trading of ClearSign Technologies

An institutional investor recently bought a new position in ClearSign Technologies stock. Americana Partners LLC bought a new stake in ClearSign Technologies Co. (NASDAQ:CLIR) in the third quarter, according to its most recent disclosure 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 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors 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.