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

StockNews.com initiated 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 Down 9.8 %

CLIR stock opened at $0.79 on Wednesday. The firm’s 50-day simple moving average is $1.02 and its 200 day simple moving average is $1.04. The stock has a market cap of $30.69 million, a PE ratio of -6.05 and a beta of 0.99. ClearSign Technologies has a fifty-two week low of $0.75 and a fifty-two week high of $1.75.

Hedge Funds Weigh In On ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Disciplined Investments LLC boosted its stake in ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,016 shares of the technology company’s stock after buying an additional 33,152 shares during the period. Disciplined Investments LLC owned 0.12% of ClearSign Technologies worth $46,000 at the end of the most recent quarter. 24.03% of the stock is owned by hedge funds and other institutional investors.

About ClearSign Technologies

ClearSign Technologies Corporation designs and develops technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play Burner technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.