Equities research analysts at StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Get Rating) in a note issued to investors on Wednesday. The brokerage set a “sell” rating on the technology company’s stock.
ClearSign Technologies Stock Performance
NASDAQ:CLIR opened at $1.44 on Wednesday. The company has a market capitalization of $55.51 million, a PE ratio of -9.60 and a beta of 1.07. The company has a 50 day simple moving average of $0.98 and a two-hundred day simple moving average of $0.80. ClearSign Technologies has a fifty-two week low of $0.50 and a fifty-two week high of $1.75.
ClearSign Technologies (NASDAQ:CLIR – Get Rating) last released its earnings results on Thursday, May 18th. The technology company reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). The firm had revenue of $0.89 million for the quarter, compared to analyst estimates of $0.60 million. During the same period in the prior year, the company posted ($0.05) EPS. Research analysts predict that ClearSign Technologies will post -0.14 EPS for the current year.
Institutional Trading of ClearSign Technologies
ClearSign Technologies Company Profile
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.
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