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

Equities research analysts at StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report issued to clients and investors on Thursday. The firm set a “sell” rating on the technology company’s stock.

ClearSign Technologies Stock Performance

Shares of ClearSign Technologies stock opened at $1.14 on Thursday. ClearSign Technologies has a 1 year low of $0.62 and a 1 year high of $1.72. The firm’s 50-day simple moving average is $1.21 and its 200-day simple moving average is $0.96. The firm has a market cap of $57.26 million, a PE ratio of -10.36 and a beta of 1.13.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Americana Partners LLC acquired a new stake in shares of ClearSign Technologies during the 3rd quarter valued at approximately $25,000. Raymond James Financial Inc. acquired a new position in ClearSign Technologies in the fourth quarter worth $75,000. Finally, Geode Capital Management LLC increased 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 valued at $443,000 after purchasing an additional 136,639 shares during the last quarter. Institutional investors 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.