ClearSign Technologies (NASDAQ:CLIR) Coverage Initiated by Analysts at StockNews.com

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

Separately, HC Wainwright reiterated a “buy” rating and set a $6.00 target price on shares of ClearSign Technologies in a research report on Wednesday, April 24th.

ClearSign Technologies Stock Up 1.3 %

CLIR opened at $0.80 on Thursday. The business has a 50 day moving average price of $1.00 and a two-hundred day moving average price of $1.03. ClearSign Technologies has a 52 week low of $0.74 and a 52 week high of $1.75. The company has a market cap of $36.74 million, a PE ratio of -6.16 and a beta of 0.99.

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

Institutional Investors Weigh In On ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Disciplined Investments LLC raised its stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,016 shares of the technology company’s stock after buying an additional 33,152 shares during the quarter. Disciplined Investments LLC owned about 0.12% of ClearSign Technologies worth $46,000 at the end of the most recent reporting period. 24.03% of the stock is currently owned by institutional investors and hedge funds.

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.