ClearSign Technologies (NASDAQ:CLIR) announced its quarterly earnings data on Wednesday. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02), Yahoo Finance reports.
Shares of NASDAQ:CLIR opened at $2.31 on Friday. The company’s fifty day moving average is $3.66 and its two-hundred day moving average is $4.39. The company has a market cap of $72.72 million, a P/E ratio of -8.88 and a beta of 0.93. ClearSign Technologies has a 12-month low of $2.10 and a 12-month high of $6.00.
A number of brokerages have recently issued reports on CLIR. HC Wainwright cut their target price on ClearSign Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday. Zacks Investment Research lowered shares of ClearSign Technologies from a “hold” rating to a “sell” rating in a research note on Friday, August 6th.
About ClearSign Technologies
ClearSign Technologies Corp. engages in the design and development of technologies for the combustion systems. Its product Duplex technology focuses on the performance enhancement of combustion systems in a broad range of markets, including the energy, commercial and industrial boiler, chemical, petrochemical, and power industries.
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