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

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

Separately, HC Wainwright restated a buy rating and set a $6.00 price objective on shares of ClearSign Technologies in a report on Thursday, August 22nd.

ClearSign Technologies Stock Performance

ClearSign Technologies stock opened at $0.82 on Tuesday. The firm has a market cap of $41.18 million, a price-to-earnings ratio of -6.83 and a beta of 1.05. ClearSign Technologies has a 1 year low of $0.62 and a 1 year high of $1.72. The firm’s 50 day moving average price is $0.77 and its two-hundred day moving average price is $0.82.

ClearSign Technologies (NASDAQ:CLIR) last issued its earnings results on Wednesday, August 21st. The technology company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). ClearSign Technologies had a negative return on equity of 66.91% and a negative net margin of 210.18%. The business had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $0.33 million. During the same period in the previous year, the firm posted ($0.04) EPS. As a group, equities analysts predict that ClearSign Technologies will post -0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On ClearSign Technologies

A hedge fund recently bought a new stake in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 46,306 shares of the technology company’s stock, valued at approximately $45,000. Prevail Innovative Wealth Advisors LLC owned approximately 0.10% of ClearSign Technologies at the end of the most recent quarter. 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.