ClearSign Technologies (NASDAQ:CLIR) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIRGet Free Report) in a research report issued on Tuesday. The firm set a “sell” rating on the technology company’s stock.

ClearSign Technologies Price Performance

NASDAQ CLIR opened at $0.78 on Tuesday. The stock’s 50 day simple moving average is $1.03 and its 200 day simple moving average is $0.98. ClearSign Technologies has a one year low of $0.62 and a one year high of $1.72. The firm has a market cap of $39.19 million, a PE ratio of -7.09 and a beta of 1.04.

Hedge Funds Weigh In On ClearSign Technologies

Institutional investors have recently modified their holdings of the stock. Northern Trust Corp raised its stake in shares of 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 raised its position in shares of ClearSign Technologies by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 536,995 shares of the technology company’s stock valued at $773,000 after acquiring an additional 15,766 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of ClearSign Technologies in the 4th quarter valued at $49,000. Raymond James Financial Inc. bought a new position in shares of ClearSign Technologies in the 4th quarter worth $75,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of ClearSign Technologies during the fourth quarter worth $84,000. 24.03% of the stock is owned by institutional investors.

About ClearSign Technologies

(Get Free Report)

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.

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