ClearSign Technologies (NASDAQ:CLIR) Earns Sell Rating from Analysts at initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIRGet Rating) in a report issued on Monday morning. The brokerage issued a sell rating on the technology company’s stock.

ClearSign Technologies Stock Performance

CLIR stock opened at $0.65 on Monday. The firm has a market cap of $24.49 million, a PE ratio of -3.07 and a beta of 0.83. The firm’s 50 day moving average price is $0.79 and its 200-day moving average price is $1.02. ClearSign Technologies has a one year low of $0.56 and a one year high of $2.03.

ClearSign Technologies (NASDAQ:CLIRGet Rating) last released its quarterly earnings results on Thursday, September 1st. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). During the same quarter in the previous year, the firm earned ($0.07) EPS. Equities research analysts predict that ClearSign Technologies will post -0.18 EPS for the current fiscal year.

Institutional Trading of ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Bank of Montreal Can boosted its stake in ClearSign Technologies Co. (NASDAQ:CLIRGet Rating) by 49.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 53,400 shares of the technology company’s stock after purchasing an additional 17,600 shares during the period. Bank of Montreal Can owned about 0.17% of ClearSign Technologies worth $91,000 at the end of the most recent quarter. Institutional investors and hedge funds own 8.42% of the company’s stock.

About ClearSign Technologies

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ClearSign Technologies Corporation designs and develops products and technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.

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