ClearSign Technologies (NASDAQ:CLIR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report issued to clients and investors on Sunday. The brokerage set a “sell” rating on the technology company’s stock.

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

ClearSign Technologies Stock Performance

ClearSign Technologies stock opened at $0.92 on Friday. The company’s 50 day simple moving average is $0.82 and its 200-day simple moving average is $0.80. The company has a market capitalization of $46.18 million, a price-to-earnings ratio of -7.67 and a beta of 1.07. ClearSign Technologies has a 1 year low of $0.62 and a 1 year high of $1.72.

ClearSign Technologies (NASDAQ:CLIR) last released its quarterly earnings results on Wednesday, August 21st. The technology company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). ClearSign Technologies had a negative net margin of 210.18% and a negative return on equity of 66.91%. The business had revenue of $0.05 million for the quarter, compared to the consensus estimate of $0.33 million. During the same period in the previous year, the firm earned ($0.04) EPS. Equities analysts expect that ClearSign Technologies will post -0.13 earnings per share for the current year.

Institutional Investors Weigh In On ClearSign Technologies

An institutional investor recently bought a new position in ClearSign Technologies stock. Americana Partners LLC purchased a new position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 30,000 shares of the technology company’s stock, valued at approximately $25,000. Americana Partners LLC owned approximately 0.06% of ClearSign Technologies as of its most recent SEC filing. Institutional investors own 24.03% of the company’s stock.

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.