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

Research analysts at StockNews.com started coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report issued to clients and investors on Friday. The firm set a “sell” rating on the technology company’s stock.

ClearSign Technologies Stock Performance

Shares of NASDAQ:CLIR opened at $0.97 on Friday. The firm has a market cap of $48.69 million, a PE ratio of -8.81 and a beta of 1.13. The firm’s fifty day moving average is $1.20 and its 200-day moving average is $0.97. ClearSign Technologies has a 52 week low of $0.62 and a 52 week high of $1.72.

Hedge Funds Weigh In On ClearSign Technologies

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of ClearSign Technologies by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 536,995 shares of the technology company’s stock worth $773,000 after purchasing an additional 15,766 shares during the period. Americana Partners LLC acquired a new position in ClearSign Technologies in the third quarter valued at $25,000. Raymond James Financial Inc. acquired a new position in ClearSign Technologies in the fourth quarter valued at $75,000. Finally, Renaissance Technologies LLC acquired a new position in ClearSign Technologies in the fourth quarter valued at $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.