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

StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research note issued to investors on Wednesday. The firm issued a sell rating on the technology company’s stock.

ClearSign Technologies Price Performance

Shares of ClearSign Technologies stock opened at $0.77 on Wednesday. The firm has a fifty day moving average price of $0.96 and a 200 day moving average price of $0.98. The stock has a market cap of $38.68 million, a PE ratio of -7.00 and a beta of 1.04. ClearSign Technologies has a 1 year low of $0.62 and a 1 year high of $1.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new stake in shares of ClearSign Technologies during the fourth quarter worth approximately $49,000. Raymond James Financial Inc. purchased a new stake in shares of ClearSign Technologies during the fourth quarter worth $75,000. Renaissance Technologies LLC acquired a new stake in shares of ClearSign Technologies in the fourth quarter valued at about $84,000. Northern Trust Corp raised its position in shares of ClearSign Technologies by 23.8% in the fourth quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock valued at $109,000 after buying an additional 14,521 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of ClearSign Technologies by 35.5% in the third quarter. Geode Capital Management LLC now owns 521,229 shares of the technology company’s stock worth $443,000 after buying an additional 136,639 shares in the last quarter. 24.03% of the stock is 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.