ClearSign Technologies (NASDAQ:CLIR) Announces Quarterly Earnings Results

ClearSign Technologies (NASDAQ:CLIR) released its quarterly earnings data on Wednesday. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01, Zacks reports. ClearSign Technologies had a negative net margin of 118.93% and a negative return on equity of 50.44%.

ClearSign Technologies Stock Down 3.6 %

CLIR traded down $0.03 during trading on Wednesday, hitting $0.73. 61,150 shares of the company’s stock were exchanged, compared to its average volume of 95,483. ClearSign Technologies has a fifty-two week low of $0.62 and a fifty-two week high of $1.72. The stock has a market cap of $36.80 million, a P/E ratio of -6.66 and a beta of 1.04. The business’s 50 day moving average is $0.93 and its two-hundred day moving average is $0.99.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on ClearSign Technologies in a report on Wednesday, March 26th. They issued a “sell” rating on the stock.

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.