ClearSign Technologies (NASDAQ:CLIR) Announces Quarterly Earnings Results

ClearSign Technologies (NASDAQ:CLIR) announced its earnings results on Tuesday. The technology company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07), Yahoo Finance reports. During the same quarter in the prior year, the business earned ($0.06) EPS.

Shares of ClearSign Technologies stock opened at $1.85 on Wednesday. The stock has a market cap of $58.41 million, a price-to-earnings ratio of -6.85 and a beta of 0.97. The firm’s 50-day moving average is $1.89 and its 200 day moving average is $3.31. ClearSign Technologies has a 1 year low of $1.41 and a 1 year high of $6.00.

Several research analysts recently commented on the stock. HC Wainwright decreased their target price on shares of ClearSign Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, September 9th. Zacks Investment Research raised shares of ClearSign Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, November 9th.

An institutional investor recently bought a new position in ClearSign Technologies stock. Millennium Management LLC purchased a new stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,623 shares of the technology company’s stock, valued at approximately $94,000. Millennium Management LLC owned about 0.06% of ClearSign Technologies as of its most recent SEC filing. 9.76% of the stock is owned by institutional investors.

ClearSign Technologies Company Profile

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.

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Earnings History for ClearSign Technologies (NASDAQ:CLIR)

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