ClearSign Technologies (NASDAQ:CLIR) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a report released on Saturday. The brokerage set a “sell” rating on the technology company’s stock.

ClearSign Technologies Stock Down 6.8 %

NASDAQ CLIR opened at $0.80 on Friday. ClearSign Technologies has a 12-month low of $0.62 and a 12-month high of $1.72. The company has a market capitalization of $40.18 million, a PE ratio of -7.27 and a beta of 1.13. The firm’s 50 day moving average is $1.17 and its 200-day moving average is $0.97.

Institutional Trading of ClearSign Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp increased 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 buying an additional 14,521 shares during the last quarter. Geode Capital Management LLC increased its holdings in ClearSign Technologies by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 536,995 shares of the technology company’s stock worth $773,000 after buying an additional 15,766 shares during the last quarter. Americana Partners LLC acquired a new position in ClearSign Technologies during the third quarter worth $25,000. Citadel Advisors LLC acquired a new position in ClearSign Technologies during the fourth quarter worth $49,000. Finally, Raymond James Financial Inc. bought a new position in ClearSign Technologies during the fourth quarter worth $75,000. 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.