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

StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research note released on Friday morning. The firm issued a sell rating on the technology company’s stock.

Separately, HC Wainwright reiterated a “buy” rating and set a $6.00 price objective on shares of ClearSign Technologies in a research report on Thursday, August 22nd.

ClearSign Technologies Stock Up 3.7 %

CLIR opened at $1.13 on Friday. The company’s 50-day moving average price is $0.99 and its 200 day moving average price is $0.86. ClearSign Technologies has a fifty-two week low of $0.62 and a fifty-two week high of $1.32. The firm has a market cap of $56.76 million, a price-to-earnings ratio of -10.27 and a beta of 1.14.

Institutional Investors Weigh In On ClearSign Technologies

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