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

Investment analysts at StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a report issued on Wednesday. The firm set a “sell” rating on the technology company’s stock.

ClearSign Technologies Trading Down 0.4 %

ClearSign Technologies stock opened at $0.76 on Wednesday. ClearSign Technologies has a 52 week low of $0.62 and a 52 week high of $1.72. The stock has a market cap of $38.32 million, a price-to-earnings ratio of -6.94 and a beta of 1.04. The company’s 50-day moving average price is $0.99 and its two-hundred day moving average price is $0.99.

Institutional Trading of ClearSign Technologies

Several hedge funds and other institutional investors have recently modified their holdings of CLIR. Citadel Advisors LLC purchased a new position in ClearSign Technologies in the fourth quarter valued at about $49,000. Raymond James Financial Inc. bought a new position in ClearSign Technologies during the fourth quarter valued at about $75,000. Renaissance Technologies LLC acquired a new stake in shares of ClearSign Technologies in the fourth quarter worth about $84,000. Northern Trust Corp lifted its position 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 worth $109,000 after buying an additional 14,521 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of ClearSign Technologies by 35.5% during the 3rd quarter. Geode Capital Management LLC now owns 521,229 shares of the technology company’s stock worth $443,000 after acquiring an additional 136,639 shares in the last quarter. 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.