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 report published on Thursday. The firm issued a sell rating on the technology company’s stock.

ClearSign Technologies Trading Down 18.4 %

CLIR stock opened at $0.50 on Thursday. The firm’s 50-day moving average is $0.89 and its two-hundred day moving average is $0.98. The company has a market capitalization of $25.12 million, a price-to-earnings ratio of -4.55 and a beta of 1.18. ClearSign Technologies has a 52 week low of $0.50 and a 52 week high of $1.72.

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

Institutional Trading of ClearSign Technologies

A number of hedge funds have recently modified their holdings of the company. Citadel Advisors LLC acquired a new position in shares of ClearSign Technologies in the fourth quarter valued at $49,000. Northern Trust Corp boosted its position in shares of ClearSign Technologies by 23.8% during the 4th quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock valued at $109,000 after acquiring an additional 14,521 shares in the last quarter. Raymond James Financial Inc. bought a new stake in ClearSign Technologies in the fourth quarter valued at about $75,000. Renaissance Technologies LLC acquired a new position in ClearSign Technologies in the fourth quarter worth about $84,000. Finally, Geode Capital Management LLC lifted its stake in ClearSign Technologies by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 536,995 shares of the technology company’s stock worth $773,000 after purchasing an additional 15,766 shares during the period. 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.