ClearSign Technologies (NASDAQ:CLIR) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Get Rating) in a report issued on Tuesday. The firm set a “sell” rating on the technology company’s stock.

ClearSign Technologies Trading Up 5.8 %

ClearSign Technologies stock opened at $0.73 on Tuesday. The company has a market capitalization of $27.70 million, a PE ratio of -4.29 and a beta of 0.87. ClearSign Technologies has a 12 month low of $0.50 and a 12 month high of $1.78. The stock has a 50-day moving average price of $0.64 and a two-hundred day moving average price of $0.84.

ClearSign Technologies (NASDAQ:CLIR – Get Rating) last posted its earnings results on Thursday, December 1st. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $0.32 million during the quarter, compared to the consensus estimate of $0.40 million. As a group, analysts predict that ClearSign Technologies will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ClearSign Technologies

A hedge fund recently bought a new stake in ClearSign Technologies stock. Robertson Stephens Wealth Management LLC acquired a new stake in ClearSign Technologies Co. (NASDAQ:CLIR – Get Rating) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,440 shares of the technology company’s stock, valued at approximately $25,000. Robertson Stephens Wealth Management LLC owned 0.06% of ClearSign Technologies as of its most recent filing with the Securities & Exchange Commission. 8.42% of the stock is owned by institutional investors.

About ClearSign Technologies

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ClearSign Technologies Corp. engages in the design and development of technologies for the combustion systems. Its product Duplex technology focuses on the performance enhancement of combustion systems in a broad range of markets, including the energy, commercial and industrial boiler, chemical, petrochemical, and power industries.