StockNews.com Begins Coverage on ClearSign Technologies (NASDAQ:CLIR)

Equities researchers at StockNews.com started 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.

ClearSign Technologies Stock Down 3.1 %

Shares of NASDAQ CLIR opened at $0.78 on Tuesday. ClearSign Technologies has a twelve month low of $0.62 and a twelve month high of $1.72. The company’s fifty day moving average is $1.03 and its 200-day moving average is $0.98. The stock has a market cap of $39.19 million, a price-to-earnings ratio of -7.09 and a beta of 1.04.

Hedge Funds Weigh In On ClearSign Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC bought a new position in ClearSign Technologies in the fourth quarter valued at approximately $49,000. Raymond James Financial Inc. bought a new stake in ClearSign Technologies in the 4th quarter valued at $75,000. Renaissance Technologies LLC acquired a new position in ClearSign Technologies in the 4th quarter worth $84,000. Northern Trust Corp increased its holdings in ClearSign Technologies by 23.8% during the 4th quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock worth $109,000 after purchasing an additional 14,521 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of ClearSign Technologies by 35.5% in the 3rd quarter. Geode Capital Management LLC now owns 521,229 shares of the technology company’s stock valued at $443,000 after purchasing an additional 136,639 shares during the 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.