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

StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report sent to investors on Wednesday morning. The brokerage issued a sell rating on the technology company’s stock.

Separately, HC Wainwright reaffirmed a buy rating and set a $6.00 price objective on shares of ClearSign Technologies in a report on Tuesday, May 28th.

ClearSign Technologies Stock Up 2.8 %

Shares of CLIR opened at $0.75 on Wednesday. ClearSign Technologies has a 52-week low of $0.62 and a 52-week high of $1.72. The stock has a 50 day moving average price of $0.80 and a 200 day moving average price of $0.90. The company has a market capitalization of $37.63 million, a price-to-earnings ratio of -6.25 and a beta of 1.05.

ClearSign Technologies (NASDAQ:CLIR) last issued its earnings results on Wednesday, May 15th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). ClearSign Technologies had a negative net margin of 186.63% and a negative return on equity of 85.65%. The business had revenue of $1.10 million during the quarter, compared to analysts’ expectations of $1.02 million. On average, equities analysts anticipate that ClearSign Technologies will post -0.12 EPS for the current fiscal year.

Insider Transactions at ClearSign Technologies

In other news, major shareholder Robert Thurston Sr Hoffman, Sr. purchased 3,350,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average cost of $0.91 per share, with a total value of $3,048,500.00. Following the completion of the acquisition, the insider now directly owns 9,539,857 shares of the company’s stock, valued at approximately $8,681,269.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.90% of the company’s stock.

Institutional Trading of ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Disciplined Investments LLC lifted its position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,016 shares of the technology company’s stock after acquiring 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. 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.