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

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

ClearSign Technologies Price Performance

NASDAQ CLIR opened at $1.30 on Tuesday. The business’s fifty day moving average is $1.18 and its 200-day moving average is $0.94. The stock has a market capitalization of $65.30 million, a price-to-earnings ratio of -11.82 and a beta of 1.13. ClearSign Technologies has a one year low of $0.62 and a one year high of $1.72.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ClearSign Technologies stock. Geode Capital Management LLC boosted its position in ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 521,229 shares of the technology company’s stock after purchasing an additional 136,639 shares during the period. Geode Capital Management LLC owned about 1.04% of ClearSign Technologies worth $443,000 as of its most recent SEC filing. 24.03% of the stock is currently owned by hedge funds and other institutional investors.

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.