Weiss Ratings Reiterates “Sell (E+)” Rating for ClearSign Technologies (NASDAQ:CLIR)

ClearSign Technologies (NASDAQ:CLIR)‘s stock had its “sell (e+)” rating reissued by Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

ClearSign Technologies Price Performance

Shares of NASDAQ CLIR opened at $0.97 on Tuesday. The company’s 50 day simple moving average is $0.68 and its 200 day simple moving average is $0.62. ClearSign Technologies has a fifty-two week low of $0.46 and a fifty-two week high of $1.72. The firm has a market capitalization of $50.74 million, a P/E ratio of -8.80 and a beta of 1.18.

ClearSign Technologies (NASDAQ:CLIR) last announced its quarterly earnings data on Thursday, August 14th. The technology company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. ClearSign Technologies had a negative net margin of 203.65% and a negative return on equity of 47.61%. The business had revenue of $0.13 million for the quarter, compared to analyst estimates of $0.64 million. Sell-side analysts expect that ClearSign Technologies will post -0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On ClearSign Technologies

Several hedge funds have recently bought and sold shares of CLIR. Integrity Alliance LLC. acquired a new stake in ClearSign Technologies in the first quarter worth $30,000. Northwestern Mutual Wealth Management Co. raised its holdings in ClearSign Technologies by 895.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock worth $40,000 after purchasing an additional 64,523 shares during the period. Finally, Beacon Pointe Advisors LLC acquired a new stake in ClearSign Technologies in the second quarter worth $145,000. 24.03% of the stock is currently owned by institutional investors and hedge funds.

ClearSign Technologies Company Profile

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.