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

Investment analysts at StockNews.com started coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research note issued to investors on Wednesday. The brokerage set a “sell” rating on the technology company’s stock.

ClearSign Technologies Stock Up 4.6 %

NASDAQ:CLIR opened at $0.82 on Wednesday. ClearSign Technologies has a 52 week low of $0.75 and a 52 week high of $1.75. The company has a market capitalization of $32.11 million, a P/E ratio of -6.54 and a beta of 0.99. The stock’s fifty day moving average is $1.02 and its two-hundred day moving average is $1.04.

ClearSign Technologies (NASDAQ:CLIR) last posted its earnings results on Monday, April 1st. The technology company reported ($0.02) EPS for the quarter. ClearSign Technologies had a negative net margin of 216.15% and a negative return on equity of 77.28%. The business had revenue of $1.27 million during the quarter.

Institutional Investors Weigh In On ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Disciplined Investments LLC increased its stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,016 shares of the technology company’s stock after purchasing an additional 33,152 shares during the quarter. Disciplined Investments LLC owned 0.12% of ClearSign Technologies worth $46,000 at the end of the most recent quarter. 24.03% of the stock is currently owned by institutional investors.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation designs and develops technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play Burner technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.