ClearSign Technologies (NASDAQ:CLIR) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

ClearSign Technologies (NASDAQ:CLIR) posted its quarterly earnings data on Wednesday. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01, Zacks reports. ClearSign Technologies had a negative net margin of 118.93% and a negative return on equity of 50.44%.

ClearSign Technologies Stock Performance

Shares of CLIR opened at $0.73 on Thursday. The company has a market capitalization of $36.80 million, a PE ratio of -6.66 and a beta of 1.18. The company’s 50 day moving average price is $0.92 and its 200 day moving average price is $0.98. ClearSign Technologies has a 52 week low of $0.62 and a 52 week high of $1.72.

Analyst Ratings Changes

Separately, StockNews.com started coverage on ClearSign Technologies in a research report on Thursday. They set a “sell” rating on the 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.