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

StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a report issued on Sunday. The firm set a “sell” rating on the technology company’s stock.

ClearSign Technologies Trading Up 3.5 %

NASDAQ:CLIR opened at $0.79 on Friday. The company has a market capitalization of $39.44 million, a P/E ratio of -7.14 and a beta of 1.13. The firm has a 50-day moving average price of $1.14 and a two-hundred day moving average price of $0.98. ClearSign Technologies has a twelve month low of $0.62 and a twelve month high of $1.72.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Americana Partners LLC purchased a new position in ClearSign Technologies during the third quarter worth $25,000. Geode Capital Management LLC boosted its stake in shares of 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 acquiring an additional 136,639 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in ClearSign Technologies during the 4th quarter worth about $75,000. Renaissance Technologies LLC acquired a new position in ClearSign Technologies in the 4th quarter valued at about $84,000. Finally, Northern Trust Corp raised its stake in ClearSign Technologies by 23.8% in the 4th quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock valued at $109,000 after purchasing an additional 14,521 shares during the last quarter. 24.03% of the stock is currently owned by institutional investors and hedge funds.

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.