ClearSign Technologies (NASDAQ:CLIR) Issues Quarterly Earnings Results

ClearSign Technologies (NASDAQ:CLIR) issued its earnings results on Wednesday. The technology company reported ($0.02) earnings per share 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 %

Shares of CLIR stock traded down $0.03 on Wednesday, reaching $0.73. The company’s stock had a trading volume of 62,200 shares, compared to its average volume of 98,593. The company has a market capitalization of $36.80 million, a P/E ratio of -6.66 and a beta of 1.04. ClearSign Technologies has a 12-month low of $0.62 and a 12-month high of $1.72. The stock’s 50 day simple moving average is $0.93 and its 200-day simple moving average is $0.99.

Analyst Ratings Changes

Separately, StockNews.com began coverage on ClearSign Technologies in a research note on Wednesday, March 26th. They set 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.