ClearSign Technologies (NASDAQ:CLIR) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIRGet Rating) in a research report issued on Sunday. The brokerage set a “sell” rating on the technology company’s stock.

ClearSign Technologies Price Performance

Shares of ClearSign Technologies stock opened at $0.95 on Friday. ClearSign Technologies has a 1 year low of $0.82 and a 1 year high of $2.68. The company has a market capitalization of $36.05 million, a P/E ratio of -4.52 and a beta of 0.90. The business has a 50 day moving average price of $1.08 and a 200 day moving average price of $1.23.

ClearSign Technologies (NASDAQ:CLIRGet Rating) last issued its quarterly earnings data on Thursday, September 1st. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). During the same period in the previous year, the business posted ($0.07) earnings per share. As a group, research analysts expect that ClearSign Technologies will post -0.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert Thurston Sr Hoffman, Sr. bought 1,591,594 shares of the stock in a transaction on Friday, July 8th. The stock was purchased at an average cost of $1.11 per share, with a total value of $1,766,669.34. Following the purchase, the director now owns 7,583,234 shares of the company’s stock, valued at $8,417,389.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 25.10% of the stock is owned by corporate insiders.

Institutional Trading of ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Bank of Montreal Can grew its stake in shares of ClearSign Technologies Co. (NASDAQ:CLIRGet Rating) by 49.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 53,400 shares of the technology company’s stock after buying an additional 17,600 shares during the period. Bank of Montreal Can owned 0.17% of ClearSign Technologies worth $91,000 as of its most recent SEC filing. Institutional investors own 8.42% of the company’s stock.

ClearSign Technologies Company Profile

(Get Rating)

ClearSign Technologies Corporation designs and develops products and 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 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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