ClearSign Technologies (NASDAQ:CLIR) Earns Sell Rating from Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research note issued to investors on Monday. The firm set a “sell” rating on the technology company’s stock.

ClearSign Technologies Trading Up 3.6 %

NASDAQ CLIR opened at $0.85 on Monday. The firm’s fifty day moving average price is $1.11 and its two-hundred day moving average price is $0.98. ClearSign Technologies has a 1 year low of $0.62 and a 1 year high of $1.72. The firm has a market capitalization of $42.69 million, a P/E ratio of -7.73 and a beta of 1.04.

Institutional Trading of ClearSign Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in ClearSign Technologies during the fourth quarter worth $49,000. Northern Trust Corp increased its position in ClearSign Technologies by 23.8% during the fourth 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. Raymond James Financial Inc. bought a new position in ClearSign Technologies during the fourth quarter worth about $75,000. Renaissance Technologies LLC acquired a new stake in ClearSign Technologies during the fourth quarter worth about $84,000. Finally, Geode Capital Management LLC grew its stake in ClearSign Technologies by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 536,995 shares of the technology company’s stock worth $773,000 after buying an additional 15,766 shares in the last quarter. 24.03% of the stock is owned by institutional investors.

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.