Cambridge Investment Research Advisors Inc. bought a new position in shares of ClearSign Technologies Co. (NASDAQ:CLIR – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 443,000 shares of the technology company’s stock, valued at approximately $580,000.
Separately, Bank of Montreal Can raised its stake in 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 buying an additional 17,600 shares during the last quarter. Institutional investors and hedge funds own 6.86% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently weighed in on CLIR. HC Wainwright reissued a “buy” rating and set a $6.00 target price on shares of ClearSign Technologies in a research note on Friday, September 1st. StockNews.com began coverage on shares of ClearSign Technologies in a research note on Saturday. They set a “sell” rating for the company.
ClearSign Technologies Stock Down 1.5 %
Shares of CLIR stock opened at $1.00 on Tuesday. The company has a market cap of $38.37 million, a price-to-earnings ratio of -7.11 and a beta of 1.01. ClearSign Technologies Co. has a 52 week low of $0.50 and a 52 week high of $1.75. The firm has a 50 day moving average of $1.06 and a 200-day moving average of $1.15.
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last announced its quarterly earnings data on Monday, August 14th. The technology company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The company had revenue of $0.15 million during the quarter, compared to the consensus estimate of $0.61 million. ClearSign Technologies had a negative net margin of 390.48% and a negative return on equity of 61.36%. Analysts anticipate that ClearSign Technologies Co. will post -0.17 earnings per share for the current year.
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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