ClearSign Technologies (NASDAQ:CLIR) Rating Reiterated by HC Wainwright

ClearSign Technologies (NASDAQ:CLIR)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $6.00 target price on the technology company’s stock.

Separately, StockNews.com initiated coverage on ClearSign Technologies in a report on Wednesday. They issued a “sell” rating for the company.

ClearSign Technologies Stock Up 4.6 %

Shares of ClearSign Technologies stock opened at $0.82 on Wednesday. The firm has a market capitalization of $32.11 million, a P/E ratio of -6.33 and a beta of 0.99. ClearSign Technologies has a 52 week low of $0.75 and a 52 week high of $1.75. The firm’s 50 day moving average is $1.02 and its two-hundred day moving average is $1.04.

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

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 the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing. Institutional investors and hedge funds 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.