ClearSign Technologies (NASDAQ:CLIR) Posts Quarterly Earnings Results

ClearSign Technologies (NASDAQ:CLIRGet Free Report) posted its earnings results on Wednesday. The technology company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03), reports. ClearSign Technologies had a negative return on equity of 79.90% and a negative net margin of 186.63%. The business had revenue of $1.10 million during the quarter, compared to the consensus estimate of $1.02 million.

ClearSign Technologies Price Performance

CLIR stock opened at $0.82 on Friday. ClearSign Technologies has a 52 week low of $0.74 and a 52 week high of $1.75. The company’s 50-day moving average price is $0.92 and its 200 day moving average price is $1.02.

Institutional Investors Weigh In On ClearSign Technologies

An institutional investor recently bought a new position in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC purchased a new stake in ClearSign Technologies Co. (NASDAQ:CLIRFree Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 as of its most recent SEC filing. 24.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CLIR has been the topic of a number of recent research reports. StockNews.com started coverage on shares of ClearSign Technologies in a report on Friday, May 10th. They issued a “sell” rating on the stock. HC Wainwright reaffirmed a “buy” rating and set a $6.00 price objective on shares of ClearSign Technologies in a report on Wednesday, April 24th.

Read Our Latest Research Report on CLIR

ClearSign Technologies Company Profile

(Get Free Report)

ClearSign Technologies Corporation designs and develops 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 Burner 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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Earnings History for ClearSign Technologies (NASDAQ:CLIR)

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