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

Equities researchers at StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research note issued to investors on Wednesday. The brokerage set a “sell” rating on the technology company’s stock.

Separately, HC Wainwright reissued a “buy” rating and set a $6.00 price target on shares of ClearSign Technologies in a report on Thursday, August 22nd.

ClearSign Technologies Price Performance

ClearSign Technologies stock opened at $1.15 on Wednesday. The firm has a market capitalization of $57.76 million, a P/E ratio of -10.45 and a beta of 1.14. The stock has a fifty day moving average price of $0.90 and a two-hundred day moving average price of $0.83. ClearSign Technologies has a 52-week low of $0.62 and a 52-week high of $1.42.

Hedge Funds Weigh In On ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Geode Capital Management LLC lifted its holdings in ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 521,229 shares of the technology company’s stock after buying an additional 136,639 shares during the quarter. Geode Capital Management LLC owned about 1.04% of ClearSign Technologies worth $443,000 at the end of the most recent 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.