ClearSign Technologies (NASDAQ:CLIR) Now Covered by StockNews.com

StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report released on Wednesday morning. The brokerage issued a sell rating on the technology company’s stock.

ClearSign Technologies Stock Performance

Shares of NASDAQ CLIR opened at $0.76 on Wednesday. ClearSign Technologies has a fifty-two week low of $0.62 and a fifty-two week high of $1.72. The company has a market cap of $38.18 million, a PE ratio of -6.91 and a beta of 1.04. The business has a 50-day simple moving average of $0.99 and a two-hundred day simple moving average of $0.98.

Institutional Trading of ClearSign Technologies

Several large investors have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new stake in ClearSign Technologies during the fourth quarter worth about $49,000. Raymond James Financial Inc. purchased a new stake in ClearSign Technologies in the 4th quarter worth approximately $75,000. Renaissance Technologies LLC acquired a new stake in shares of ClearSign Technologies during the 4th quarter worth approximately $84,000. Northern Trust Corp increased its holdings in shares of ClearSign Technologies by 23.8% during the 4th quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock valued at $109,000 after purchasing an additional 14,521 shares in the last quarter. Finally, Geode Capital Management LLC lifted 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 owned by hedge funds and other institutional investors.

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.