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

StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report sent to investors on Saturday morning. The firm issued a sell rating on the technology company’s stock.

ClearSign Technologies Trading Down 6.8 %

Shares of CLIR opened at $0.80 on Friday. ClearSign Technologies has a 1 year low of $0.62 and a 1 year high of $1.72. The stock has a market cap of $40.18 million, a P/E ratio of -7.27 and a beta of 1.13. The stock’s 50-day moving average price is $1.17 and its two-hundred day moving average price is $0.97.

Hedge Funds Weigh In On ClearSign Technologies

Several institutional investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new position in shares of ClearSign Technologies during the 4th quarter valued at about $49,000. Northern Trust Corp lifted 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. Raymond James Financial Inc. bought a new position in shares of ClearSign Technologies during the 4th quarter valued at about $75,000. Renaissance Technologies LLC bought a new position in shares of ClearSign Technologies during the 4th quarter valued at about $84,000. Finally, Geode Capital Management LLC lifted its holdings in shares of ClearSign Technologies by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 536,995 shares of the technology company’s stock valued at $773,000 after purchasing an additional 15,766 shares in the last quarter. Institutional investors own 24.03% of the company’s stock.

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.