ClearSign Technologies (NASDAQ:CLIR) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIRFree Report) in a report published on Friday. The firm issued a sell rating on the technology company’s stock.

ClearSign Technologies Trading Up 3.2 %

CLIR opened at $1.00 on Friday. The firm has a market capitalization of $50.23 million, a PE ratio of -9.09 and a beta of 1.13. ClearSign Technologies has a twelve month low of $0.62 and a twelve month high of $1.72. The firm’s 50-day moving average price is $1.19 and its 200 day moving average price is $0.97.

Hedge Funds Weigh In On ClearSign Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC raised its stake 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 purchasing an additional 136,639 shares during the period. Americana Partners LLC purchased a new position in ClearSign Technologies during the third quarter worth about $25,000. Northern Trust Corp raised its stake in ClearSign Technologies by 23.8% during the fourth quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock worth $109,000 after purchasing an additional 14,521 shares during the period. Raymond James Financial Inc. purchased a new position in ClearSign Technologies during the fourth quarter worth about $75,000. Finally, Renaissance Technologies LLC purchased a new position in ClearSign Technologies during the fourth quarter worth about $84,000. 24.03% of the stock is currently owned by institutional investors and hedge funds.

ClearSign Technologies Company Profile

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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.

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