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

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

ClearSign Technologies Stock Performance

Shares of NASDAQ CLIR opened at $0.85 on Monday. The stock has a market cap of $42.69 million, a P/E ratio of -7.73 and a beta of 1.04. The firm has a 50 day moving average price of $1.11 and a 200 day moving average price of $0.98. ClearSign Technologies has a 52-week low of $0.62 and a 52-week high of $1.72.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp boosted its holdings in shares of ClearSign Technologies by 23.8% in the fourth quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock valued at $109,000 after buying an additional 14,521 shares during the period. Geode Capital Management LLC boosted its holdings in shares of ClearSign Technologies by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 536,995 shares of the technology company’s stock valued at $773,000 after buying an additional 15,766 shares during the period. Citadel Advisors LLC acquired a new position in shares of ClearSign Technologies in the fourth quarter valued at approximately $49,000. Raymond James Financial Inc. acquired a new position in shares of ClearSign Technologies in the fourth quarter valued at approximately $75,000. Finally, Renaissance Technologies LLC acquired a new position in ClearSign Technologies during the fourth quarter worth $84,000. Institutional investors and hedge funds own 24.03% of the company’s stock.

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.