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

StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research note issued to investors on Friday. The firm issued a sell rating on the technology company’s stock.

ClearSign Technologies Trading Up 4.5 %

NASDAQ CLIR opened at $0.58 on Friday. ClearSign Technologies has a 12 month low of $0.46 and a 12 month high of $1.72. The stock has a market cap of $30.14 million, a PE ratio of -5.23 and a beta of 1.18. The stock’s 50 day moving average is $0.80 and its 200 day moving average is $0.97.

ClearSign Technologies (NASDAQ:CLIR) last issued its earnings results on Wednesday, April 2nd. The technology company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $0.60 million during the quarter, compared to analyst estimates of $1.55 million. ClearSign Technologies had a negative net margin of 118.93% and a negative return on equity of 50.44%. On average, analysts forecast that ClearSign Technologies will post -0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On ClearSign Technologies

Several large investors have recently made changes to their positions in CLIR. Citadel Advisors LLC purchased a new position in ClearSign Technologies during the 4th quarter valued at approximately $49,000. Raymond James Financial Inc. purchased a new stake in shares of ClearSign Technologies during the 4th quarter worth approximately $75,000. Renaissance Technologies LLC bought a new position in shares of ClearSign Technologies during the 4th quarter valued at approximately $84,000. Northern Trust Corp grew its holdings in shares of ClearSign Technologies by 23.8% in the fourth quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock valued at $109,000 after purchasing an additional 14,521 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in ClearSign Technologies by 35.5% in the third quarter. Geode Capital Management LLC now owns 521,229 shares of the technology company’s stock worth $443,000 after purchasing an additional 136,639 shares during the last quarter. 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.