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

Investment analysts at StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Get Rating) in a research report issued on Wednesday. The firm set a “sell” rating on the technology company’s stock.

ClearSign Technologies Stock Performance

Shares of NASDAQ CLIR opened at $1.56 on Wednesday. The stock has a market cap of $60.14 million, a PE ratio of -10.40 and a beta of 1.07. The business has a fifty day moving average of $1.00 and a two-hundred day moving average of $0.81. ClearSign Technologies has a 52-week low of $0.50 and a 52-week high of $1.75.

ClearSign Technologies (NASDAQ:CLIR – Get Rating) last announced its quarterly earnings data on Thursday, May 18th. The technology company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). The firm had revenue of $0.89 million during the quarter, compared to analyst estimates of $0.60 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Analysts predict that ClearSign Technologies will post -0.13 earnings per share for the current year.

Hedge Funds Weigh In On ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Bank of Montreal Can increased its holdings in shares of ClearSign Technologies Co. (NASDAQ:CLIR – Get Rating) by 49.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,400 shares of the technology company’s stock after acquiring 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 SEC filing. Hedge funds and other institutional investors own 8.42% of the company’s stock.

ClearSign Technologies Company Profile

(Get Rating)

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.