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

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

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

ClearSign Technologies Trading Down 11.9 %

Shares of ClearSign Technologies stock opened at $1.04 on Tuesday. The company has a 50 day moving average of $0.86 and a 200-day moving average of $0.81. The company has a market cap of $52.24 million, a PE ratio of -9.45 and a beta of 1.07. ClearSign Technologies has a 1-year low of $0.62 and a 1-year 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 stake in ClearSign Technologies Co. (NASDAQ:CLIR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 30,000 shares of the technology company’s stock, valued at approximately $25,000. Americana Partners LLC owned about 0.06% of ClearSign Technologies at the end of the most recent reporting period. 24.03% of the stock is currently owned by institutional investors and hedge funds.

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.