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

Investment analysts at StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research note issued to investors on Wednesday. The firm set 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 note on Thursday, August 22nd.

ClearSign Technologies Stock Down 0.8 %

Shares of CLIR opened at $1.21 on Wednesday. ClearSign Technologies has a 52-week low of $0.62 and a 52-week high of $1.42. The firm has a market cap of $60.78 million, a price-to-earnings ratio of -11.00 and a beta of 1.14. The business’s 50 day moving average is $0.92 and its two-hundred day moving average is $0.83.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ClearSign Technologies stock. Geode Capital Management LLC increased its position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 1.04% of ClearSign Technologies worth $443,000 at the end of the most recent reporting period. Hedge funds and other 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.