ClearSign Technologies (NASDAQ:CLIR – Get Free Report) issued its quarterly earnings results on Friday. The technology company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.10), FiscalAI reports. The firm had revenue of $0.19 million during the quarter, compared to analysts’ expectations of $1.27 million. ClearSign Technologies had a negative net margin of 105.01% and a negative return on equity of 53.54%.
ClearSign Technologies Price Performance
NASDAQ:CLIR traded down $0.49 during midday trading on Friday, reaching $4.71. The stock had a trading volume of 21,737 shares, compared to its average volume of 27,667. ClearSign Technologies has a 1-year low of $3.24 and a 1-year high of $11.20. The firm’s fifty day simple moving average is $4.88 and its 200-day simple moving average is $6.24. The stock has a market capitalization of $25.48 million, a P/E ratio of -3.92 and a beta of 1.38.
Institutional Trading of ClearSign Technologies
A hedge fund recently raised its stake in ClearSign Technologies stock. Northwestern Mutual Wealth Management Co. raised its stake in ClearSign Technologies Corporation (NASDAQ:CLIR – Free Report) by 895.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,730 shares of the technology company’s stock after purchasing an additional 64,523 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.14% of ClearSign Technologies worth $40,000 as of its most recent SEC filing. 24.03% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
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About ClearSign Technologies
ClearSign Technologies Corporation is a clean energy technology company specializing in advanced combustion solutions that significantly reduce emissions of nitrogen oxides (NOx), carbon monoxide (CO), and greenhouse gases from industrial and power generation sources. Established in 2010 and based in Santa Rosa, California, ClearSign has developed proprietary burner and sensing platforms designed to enhance fuel efficiency and environmental performance for gas turbines, furnaces, boilers, and incineration units.
The company’s core offerings center around two technology platforms: the XCL™ ultra-low NOx combustion system and the SGM™ (Syngas & Gas Measurement) sensor suite.
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