ClearSign Technologies (NASDAQ:CLIR) Posts Earnings Results, Beats Estimates By $0.01 EPS

ClearSign Technologies (NASDAQ:CLIR) posted its quarterly earnings results on Friday. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01, Zacks reports. ClearSign Technologies had a negative net margin of 203.65% and a negative return on equity of 47.61%.

ClearSign Technologies Price Performance

Shares of NASDAQ CLIR traded up $0.02 during midday trading on Friday, hitting $0.88. 265,712 shares of the company’s stock were exchanged, compared to its average volume of 294,049. ClearSign Technologies has a twelve month low of $0.46 and a twelve month high of $1.72. The firm has a market cap of $46.21 million, a P/E ratio of -8.01 and a beta of 1.20. The stock’s 50 day moving average price is $0.81 and its 200-day moving average price is $0.67.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ClearSign Technologies stock. Northwestern Mutual Wealth Management Co. increased its stake in ClearSign Technologies Corporation (NASDAQ:CLIR) by 895.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,730 shares of the technology company’s stock after purchasing an additional 64,523 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.14% of ClearSign Technologies worth $40,000 at the end of the most recent quarter. 24.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ClearSign Technologies in a report on Tuesday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $2.00.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation designs and develops products and technologies to enhance emission and operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong.