ClearSign Technologies (NASDAQ:CLIR) Releases Earnings Results, Meets Expectations

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

CLIR traded up $0.02 during midday trading on Thursday, reaching $1.87. 615,644 shares of the company’s stock were exchanged, compared to its average volume of 257,763. The business’s 50-day moving average price is $1.89 and its 200 day moving average price is $3.30. The stock has a market capitalization of $59.05 million, a PE ratio of -6.93 and a beta of 0.97. ClearSign Technologies has a 1-year low of $1.41 and a 1-year high of $6.00.

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

An institutional investor recently raised its position in ClearSign Technologies stock. Morgan Stanley raised its stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 26.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,343 shares of the technology company’s stock after purchasing an additional 22,603 shares during the period. Morgan Stanley owned 0.35% of ClearSign Technologies worth $615,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 9.76% of the company’s stock.

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.

See Also: Liquidity

Earnings History for ClearSign Technologies (NASDAQ:CLIR)

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