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

StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report sent to investors on Monday morning. The brokerage issued a sell rating on the technology company’s stock.

ClearSign Technologies Stock Performance

CLIR opened at $0.84 on Monday. The firm has a 50 day moving average price of $1.08 and a 200 day moving average price of $0.98. The company has a market cap of $42.20 million, a PE ratio of -7.64 and a beta of 1.04. ClearSign Technologies has a 1 year low of $0.62 and a 1 year high of $1.72.

Institutional Trading of ClearSign Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of CLIR. Geode Capital Management LLC increased its position in 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 purchasing an additional 136,639 shares in the last quarter. Raymond James Financial Inc. purchased a new position in ClearSign Technologies in the 4th quarter worth approximately $75,000. Renaissance Technologies LLC purchased a new position in ClearSign Technologies in the 4th quarter worth approximately $84,000. Northern Trust Corp boosted its holdings in ClearSign Technologies by 23.8% in the 4th quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock worth $109,000 after acquiring an additional 14,521 shares during the period. Finally, Citadel Advisors LLC purchased a new position in ClearSign Technologies in the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 24.03% of the company’s stock.

About ClearSign Technologies

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.