ClearSign Technologies (NASDAQ:CLIR) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report released on Thursday morning. The firm 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 report on Wednesday, April 24th.

ClearSign Technologies Stock Up 1.2 %

Shares of CLIR traded up $0.01 during mid-day trading on Thursday, hitting $0.86. 19,006 shares of the company were exchanged, compared to its average volume of 78,658. ClearSign Technologies has a 1-year low of $0.74 and a 1-year high of $1.75. The company has a 50 day moving average of $0.99 and a 200-day moving average of $1.03.

ClearSign Technologies (NASDAQ:CLIR) last released its quarterly earnings results on Monday, April 1st. The technology company reported ($0.02) earnings per share for the quarter. ClearSign Technologies had a negative return on equity of 77.28% and a negative net margin of 216.15%. The company had revenue of $1.27 million for the quarter. Sell-side analysts expect that ClearSign Technologies will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of ClearSign Technologies

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

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.