ClearSign Technologies Co. (NASDAQ:CLIR – Get Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.13 and traded as low as $1.11. ClearSign Technologies shares last traded at $1.12, with a volume of 37,305 shares traded.
Wall Street Analysts Forecast Growth
CLIR has been the subject of a number of research reports. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 price objective on shares of ClearSign Technologies in a report on Friday, September 1st. StockNews.com initiated coverage on shares of ClearSign Technologies in a research note on Friday. They set a “sell” rating on the stock.
Read Our Latest Report on ClearSign Technologies
ClearSign Technologies Trading Down 3.4 %
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last released its earnings results on Monday, August 14th. The technology company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The company had revenue of $0.15 million for the quarter, compared to analysts’ expectations of $0.61 million. ClearSign Technologies had a negative return on equity of 61.36% and a negative net margin of 390.48%. As a group, analysts anticipate that ClearSign Technologies Co. will post -0.17 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of CLIR. Charles Schwab Investment Management Inc. acquired a new position in shares of ClearSign Technologies in the second quarter valued at $33,000. Renaissance Technologies LLC bought a new stake in shares of ClearSign Technologies during the second quarter worth $38,000. Bank of Montreal Can grew its holdings in shares of ClearSign Technologies by 49.2% during the first quarter. Bank of Montreal Can now owns 53,400 shares of the technology company’s stock worth $91,000 after purchasing an additional 17,600 shares during the last quarter. BlackRock Inc. boosted its holdings in ClearSign Technologies by 5.4% in the second quarter. BlackRock Inc. now owns 281,854 shares of the technology company’s stock valued at $369,000 after acquiring an additional 14,486 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in ClearSign Technologies by 24.7% in the second quarter. Geode Capital Management LLC now owns 322,830 shares of the technology company’s stock valued at $423,000 after acquiring an additional 63,874 shares during the last quarter. 6.86% of the stock is currently owned by institutional investors and hedge funds.
About ClearSign Technologies
ClearSign Technologies Corporation designs and develops 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 Burner 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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