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

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

Separately, HC Wainwright restated a “buy” rating and issued a $6.00 target price on shares of ClearSign Technologies in a research note on Thursday, August 22nd.

ClearSign Technologies Trading Up 3.6 %

NASDAQ CLIR opened at $1.16 on Thursday. ClearSign Technologies has a 1-year low of $0.62 and a 1-year high of $1.42. The stock’s 50 day moving average is $0.96 and its two-hundred day moving average is $0.85. The company has a market capitalization of $58.27 million, a price-to-earnings ratio of -10.55 and a beta of 1.14.

Hedge Funds Weigh In On ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Geode Capital Management LLC lifted its holdings in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 521,229 shares of the technology company’s stock after buying 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. 24.03% of the stock is currently owned by hedge funds and other 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.