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

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

Shares of CLIR traded up $0.02 during midday trading on Thursday, hitting $1.87. The stock had a trading volume of 615,644 shares, compared to its average volume of 257,763. ClearSign Technologies has a fifty-two week low of $1.41 and a fifty-two week high of $6.00. The business has a 50-day simple moving average of $1.89 and a two-hundred day simple moving average of $3.30. The firm has a market cap of $59.05 million, a P/E ratio of -6.93 and a beta of 0.97.

A hedge fund recently raised its stake in ClearSign Technologies stock. Morgan Stanley lifted its stake in ClearSign Technologies Co. (NASDAQ:CLIR) by 26.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,343 shares of the technology company’s stock after purchasing an additional 22,603 shares during the quarter. Morgan Stanley owned 0.35% of ClearSign Technologies worth $615,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 9.76% of the company’s stock.

A number of research firms recently weighed in on CLIR. HC Wainwright dropped their price objective 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. Zacks Investment Research upgraded shares of ClearSign Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, November 9th.

About ClearSign Technologies

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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