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

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

ClearSign Technologies Trading Down 3.6 %

Shares of CLIR stock traded down $0.03 during trading on Wednesday, hitting $0.73. The company’s stock had a trading volume of 61,150 shares, compared to its average volume of 95,483. The business has a fifty day moving average of $0.93 and a 200-day moving average of $0.99. The company has a market cap of $36.80 million, a PE ratio of -6.66 and a beta of 1.04. ClearSign Technologies has a 52 week low of $0.62 and a 52 week high of $1.72.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of ClearSign Technologies in a research note on Wednesday, March 26th. They issued a “sell” rating for the company.

About ClearSign Technologies

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.