StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Free Report) in a research report released on Thursday. The firm issued a sell rating on the technology company’s stock.
Separately, HC Wainwright reissued a “buy” rating and set a $6.00 target price on shares of ClearSign Technologies in a research report on Thursday, August 22nd.
Get Our Latest Analysis on CLIR
ClearSign Technologies Stock Down 1.4 %
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last released its earnings results on Wednesday, August 21st. The technology company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The firm had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.33 million. ClearSign Technologies had a negative net margin of 210.18% and a negative return on equity of 66.91%. During the same period in the prior year, the company earned ($0.04) EPS. As a group, analysts anticipate that ClearSign Technologies will post -0.13 earnings per share for the current year.
Institutional Investors Weigh In On ClearSign Technologies
An institutional investor recently raised its position in ClearSign Technologies stock. Disciplined Investments LLC increased its holdings in shares of ClearSign Technologies Co. (NASDAQ:CLIR – Free Report) by 223.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,016 shares of the technology company’s stock after acquiring an additional 33,152 shares during the period. Disciplined Investments LLC owned about 0.12% of ClearSign Technologies worth $46,000 at the end of the most recent reporting period. 24.03% of the stock is owned by institutional investors.
About ClearSign Technologies
ClearSign Technologies Corporation designs and develops products and technologies to enhance emission and operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong.
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