StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Get Rating) in a report issued on Monday morning. The brokerage issued a sell rating on the technology company’s stock.
ClearSign Technologies Stock Performance
CLIR stock opened at $0.65 on Monday. The firm has a market cap of $24.49 million, a PE ratio of -3.07 and a beta of 0.83. The firm’s 50 day moving average price is $0.79 and its 200-day moving average price is $1.02. ClearSign Technologies has a one year low of $0.56 and a one year high of $2.03.
ClearSign Technologies (NASDAQ:CLIR – Get Rating) last released its quarterly earnings results on Thursday, September 1st. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). During the same quarter in the previous year, the firm earned ($0.07) EPS. Equities research analysts predict that ClearSign Technologies will post -0.18 EPS for the current fiscal year.
Institutional Trading of ClearSign Technologies
About ClearSign Technologies
ClearSign Technologies Corporation designs and develops products and technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.
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