ClearSign Technologies (NASDAQ:CLIR) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research note released on Wednesday. The brokerage issued a sell rating on the technology company’s stock.

ClearSign Technologies Stock Performance

NASDAQ:CLIR opened at $0.75 on Wednesday. ClearSign Technologies has a one year low of $0.74 and a one year high of $1.75. The firm has a market cap of $29.28 million, a price-to-earnings ratio of -5.77 and a beta of 0.99. The firm’s fifty day moving average is $1.01 and its two-hundred day moving average is $1.04.

ClearSign Technologies (NASDAQ:CLIR) last posted its quarterly earnings results on Monday, April 1st. The technology company reported ($0.02) EPS for the quarter. ClearSign Technologies had a negative net margin of 216.15% and a negative return on equity of 77.28%. The business had revenue of $1.27 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ClearSign Technologies stock. Disciplined Investments LLC grew its position in ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm 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 at the end of the most recent quarter. 24.03% of the stock is currently owned by hedge funds and other institutional investors.

About ClearSign Technologies

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.