ClearSign Technologies (NASDAQ:CLIR) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a report released on Wednesday morning. The firm issued a sell rating on the technology company’s stock.

ClearSign Technologies Trading Down 8.3 %

Shares of NASDAQ CLIR opened at $0.74 on Wednesday. ClearSign Technologies has a 12 month low of $0.74 and a 12 month high of $1.75. The company has a 50 day simple moving average of $1.01 and a two-hundred day simple moving average of $1.04. The stock has a market cap of $28.89 million, a price-to-earnings ratio of -5.69 and a beta of 0.99.

ClearSign Technologies (NASDAQ:CLIR) last announced its quarterly earnings data 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 for the quarter. Analysts forecast that ClearSign Technologies will post -0.11 EPS for the current year.

Institutional Trading of ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Disciplined Investments LLC lifted its position in ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,016 shares of the technology company’s stock after purchasing 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 filing with the Securities and Exchange Commission (SEC). Institutional investors own 24.03% of the company’s stock.

ClearSign Technologies Company Profile

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.