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

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

ClearSign Technologies Trading Down 3.3 %

CLIR stock opened at $1.32 on Friday. The stock has a 50-day moving average price of $1.09 and a two-hundred day moving average price of $0.90. ClearSign Technologies has a 12-month low of $0.62 and a 12-month high of $1.72. The company has a market cap of $66.31 million, a PE ratio of -12.00 and a beta of 1.13.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ClearSign Technologies stock. Geode Capital Management LLC grew its holdings in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 521,229 shares of the technology company’s stock after buying an additional 136,639 shares during the quarter. Geode Capital Management LLC owned 1.04% of ClearSign Technologies worth $443,000 at the end of the most recent 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.