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

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

ClearSign Technologies Trading Down 3.4 %

CLIR stock opened at $1.12 on Thursday. ClearSign Technologies has a 1-year low of $0.62 and a 1-year high of $1.72. The firm has a fifty day moving average price of $1.21 and a two-hundred day moving average price of $0.96.

Hedge Funds Weigh In On ClearSign Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of ClearSign Technologies during the fourth quarter valued at $75,000. Geode Capital Management LLC raised its holdings 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 buying an additional 136,639 shares during the period. Finally, Americana Partners LLC acquired a new position in shares of ClearSign Technologies in the 3rd quarter valued at about $25,000. 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.