ClearSign Technologies (NASDAQ:CLIR) Research Coverage Started at began coverage on shares of ClearSign Technologies (NASDAQ:CLIRFree Report) in a research report report published on Friday. The firm issued a sell rating on the technology company’s stock.

Separately, HC Wainwright reissued a buy rating and issued a $6.00 target price on shares of ClearSign Technologies in a research note on Wednesday, April 24th.

Get Our Latest Stock Analysis on CLIR

ClearSign Technologies Stock Performance

CLIR stock opened at $0.78 on Friday. The company has a market capitalization of $35.81 million, a PE ratio of -6.00 and a beta of 1.07. ClearSign Technologies has a one year low of $0.74 and a one year high of $1.75. The company’s 50 day moving average price is $0.95 and its two-hundred day moving average price is $1.03.

ClearSign Technologies (NASDAQ:CLIRGet Free Report) last released its earnings results on Monday, April 1st. The technology company reported ($0.02) EPS for the quarter. The business had revenue of $1.27 million for the quarter. ClearSign Technologies had a negative net margin of 216.15% and a negative return on equity of 77.28%. On average, research analysts predict that ClearSign Technologies will post -0.11 EPS for the current year.

Institutional Investors Weigh In On ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Disciplined Investments LLC grew its position in shares of ClearSign Technologies Co. (NASDAQ:CLIRFree Report) by 223.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,016 shares of the technology company’s stock after acquiring an additional 33,152 shares during the period. Disciplined Investments LLC owned about 0.12% of ClearSign Technologies worth $46,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 24.03% of the company’s stock.

About ClearSign Technologies

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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.

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