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

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

ClearSign Technologies Stock Performance

NASDAQ CLIR opened at $0.55 on Friday. The stock’s fifty day moving average is $0.81 and its two-hundred day moving average is $0.97. The firm has a market capitalization of $28.84 million, a P/E ratio of -5.00 and a beta of 1.18. ClearSign Technologies has a fifty-two week low of $0.46 and a fifty-two week high of $1.72.

ClearSign Technologies (NASDAQ:CLIR) last announced its quarterly earnings results on Wednesday, April 2nd. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. ClearSign Technologies had a negative net margin of 118.93% and a negative return on equity of 50.44%. The firm had revenue of $0.60 million for the quarter, compared to analysts’ expectations of $1.55 million. As a group, sell-side analysts forecast that ClearSign Technologies will post -0.13 EPS for the current year.

Institutional Trading of ClearSign Technologies

Several institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new position in ClearSign Technologies in the fourth quarter worth approximately $49,000. Raymond James Financial Inc. purchased a new position in ClearSign Technologies during the fourth quarter worth about $75,000. Renaissance Technologies LLC purchased a new stake in shares of ClearSign Technologies in the 4th quarter valued at approximately $84,000. Northern Trust Corp boosted its position in shares of ClearSign Technologies by 23.8% during the 4th quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock worth $109,000 after purchasing an additional 14,521 shares during the period. Finally, Geode Capital Management LLC raised its position in ClearSign Technologies by 35.5% in the third quarter. Geode Capital Management LLC now owns 521,229 shares of the technology company’s stock valued at $443,000 after purchasing an additional 136,639 shares during the period. Hedge funds and other institutional investors own 24.03% of the company’s stock.

About ClearSign Technologies

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.