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

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

An institutional investor recently raised its position in ClearSign Technologies stock. Bank of Montreal Can lifted its stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR – Get Rating) by 49.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,400 shares of the technology company’s stock after buying an additional 17,600 shares during the quarter. Bank of Montreal Can owned about 0.17% of ClearSign Technologies worth $91,000 as of its most recent filing with the Securities & Exchange Commission. 8.42% of the stock is owned by hedge funds and other institutional investors.

ClearSign Technologies Company Profile

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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.