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

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

Separately, HC Wainwright reissued a “buy” rating and issued a $6.00 price target on shares of ClearSign Technologies in a research note on Thursday, August 22nd.

ClearSign Technologies Stock Up 2.9 %

Shares of CLIR stock opened at $0.90 on Monday. The stock has a fifty day moving average of $0.84 and a 200 day moving average of $0.81. The firm has a market capitalization of $44.96 million, a price-to-earnings ratio of -8.14 and a beta of 1.07. ClearSign Technologies has a 52 week low of $0.62 and a 52 week high of $1.72.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ClearSign Technologies stock. Americana Partners LLC acquired a new position in ClearSign Technologies Co. (NASDAQ:CLIR) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 30,000 shares of the technology company’s stock, valued at approximately $25,000. Americana Partners LLC owned 0.06% of ClearSign Technologies as of its most recent filing with the Securities & Exchange Commission. Institutional investors 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.