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

Investment analysts at StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a report released on Saturday. The firm set a “sell” rating on the technology company’s stock.

ClearSign Technologies Stock Up 9.9 %

Shares of CLIR opened at $1.22 on Friday. ClearSign Technologies has a 52-week low of $0.62 and a 52-week high of $1.32. The firm has a market capitalization of $61.29 million, a PE ratio of -11.09 and a beta of 1.14. The firm has a 50-day moving average price of $1.02 and a 200 day moving average price of $0.87.

Institutional Investors Weigh In On ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Geode Capital Management LLC grew its position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm 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 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.