ClearSign Technologies (NASDAQ:CLIR) Given New $2.00 Price Target at HC Wainwright

ClearSign Technologies (NASDAQ:CLIR) had its target price decreased by HC Wainwright from $6.00 to $2.00 in a research note published on Thursday,Benzinga reports. HC Wainwright currently has a buy rating on the technology company’s stock.

Separately, StockNews.com assumed coverage on shares of ClearSign Technologies in a research report on Friday, April 11th. They set a “sell” rating for the company.

ClearSign Technologies Trading Up 3.4 %

Shares of CLIR stock opened at $0.58 on Thursday. ClearSign Technologies has a 12-month low of $0.46 and a 12-month high of $1.72. The company has a market cap of $30.41 million, a price-to-earnings ratio of -5.27 and a beta of 1.18. The stock has a 50 day simple moving average of $0.76 and a 200-day simple moving average of $0.96.

ClearSign Technologies (NASDAQ:CLIR) last released its earnings results on Wednesday, April 2nd. The technology company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $0.60 million during the quarter, compared to the consensus estimate of $1.55 million. ClearSign Technologies had a negative return on equity of 50.44% and a negative net margin of 118.93%. On average, equities analysts forecast that ClearSign Technologies will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new position in ClearSign Technologies during the 4th quarter valued at about $49,000. Raymond James Financial Inc. purchased a new position in shares of ClearSign Technologies during the 4th quarter worth approximately $75,000. Renaissance Technologies LLC purchased a new stake in ClearSign Technologies in the 4th quarter valued at approximately $84,000. Northern Trust Corp grew its holdings in ClearSign Technologies by 23.8% during the 4th quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock valued at $109,000 after buying an additional 14,521 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in ClearSign Technologies by 35.5% during the third quarter. Geode Capital Management LLC now owns 521,229 shares of the technology company’s stock worth $443,000 after buying an additional 136,639 shares in the last quarter. Hedge funds and other institutional investors own 24.03% of the company’s stock.

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.