ClearSign Technologies (NASDAQ:CLIR) Earns Sell Rating from Analysts at StockNews.com

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

ClearSign Technologies Trading Down 5.2 %

Shares of NASDAQ:CLIR opened at $0.76 on Friday. The company has a market capitalization of $38.12 million, a PE ratio of -6.90 and a beta of 1.13. ClearSign Technologies has a twelve month low of $0.62 and a twelve month high of $1.72. The firm has a 50 day simple moving average of $1.14 and a 200-day simple moving average of $0.98.

Institutional Trading of ClearSign Technologies

Several institutional investors have recently modified their holdings of CLIR. Americana Partners LLC purchased a new stake in ClearSign Technologies in the 3rd quarter valued at $25,000. Citadel Advisors LLC purchased a new stake in ClearSign Technologies in the 4th quarter valued at $49,000. Raymond James Financial Inc. purchased a new stake in ClearSign Technologies in the 4th quarter valued at $75,000. Renaissance Technologies LLC purchased a new stake in ClearSign Technologies in the 4th quarter valued at $84,000. Finally, Northern Trust Corp raised its position 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. 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.