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

ClearSign Technologies (NASDAQ:CLIR) released its quarterly earnings results on Wednesday. The technology company reported ($0.02) earnings per share 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%. The business had revenue of $0.60 million during the quarter, compared to analysts’ expectations of $1.55 million.

ClearSign Technologies Trading Down 16.3 %

Shares of NASDAQ:CLIR opened at $0.61 on Friday. The firm has a 50 day moving average of $0.91 and a 200-day moving average of $0.98. The stock has a market capitalization of $30.79 million, a PE ratio of -5.57 and a beta of 1.18. ClearSign Technologies has a 12 month low of $0.60 and a 12 month high of $1.72.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of ClearSign Technologies in a research report on Thursday. They issued a “sell” rating for the company.

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.