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

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

ClearSign Technologies Stock Performance

CLIR opened at $1.37 on Friday. The business’s 50-day simple moving average is $1.08 and its 200 day simple moving average is $0.90. The firm has a market capitalization of $68.57 million, a PE ratio of -12.41 and a beta of 1.13. ClearSign Technologies has a 52-week low of $0.62 and a 52-week high of $1.72.

Hedge Funds Weigh In On ClearSign Technologies

An institutional investor recently bought a new position in ClearSign Technologies stock. Americana Partners LLC acquired a new position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,000 shares of the technology company’s stock, valued at approximately $25,000. Americana Partners LLC owned about 0.06% of ClearSign Technologies at the end of the most recent reporting period. 24.03% of the stock is 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.