StockNews.com Initiates Coverage on ClearSign Technologies (NASDAQ:CLIR)

StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report report published on Tuesday. The brokerage issued a sell rating on the technology company’s stock.

ClearSign Technologies Stock Up 2.3 %

Shares of NASDAQ:CLIR opened at $0.79 on Tuesday. The firm’s 50 day moving average price is $1.01 and its 200 day moving average price is $0.98. The stock has a market cap of $39.68 million, a price-to-earnings ratio of -7.18 and a beta of 1.04. ClearSign Technologies has a fifty-two week low of $0.62 and a fifty-two week high of $1.72.

Institutional Trading of ClearSign Technologies

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in ClearSign Technologies by 35.5% in the third quarter. Geode Capital Management LLC now owns 521,229 shares of the technology company’s stock valued at $443,000 after acquiring an additional 136,639 shares in the last quarter. Citadel Advisors LLC acquired a new stake in ClearSign Technologies during the fourth quarter worth approximately $49,000. Northern Trust Corp raised its holdings 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in ClearSign Technologies during the fourth quarter worth approximately $75,000. Finally, Renaissance Technologies LLC acquired a new stake in ClearSign Technologies during the fourth quarter worth approximately $84,000. Institutional investors and hedge funds own 24.03% of the company’s stock.

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.