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

StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a report issued on Tuesday morning. The firm issued a sell rating on the technology company’s stock.

ClearSign Technologies Stock Up 5.8 %

NASDAQ CLIR opened at $0.91 on Tuesday. ClearSign Technologies has a 52 week low of $0.75 and a 52 week high of $1.75. The business’s fifty day simple moving average is $1.03 and its 200-day simple moving average is $1.04. The firm has a market cap of $35.53 million, a PE ratio of -7.00 and a beta of 0.99.

Institutional Trading of ClearSign Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. purchased a new stake in ClearSign Technologies in the 2nd quarter valued at about $33,000. Renaissance Technologies LLC purchased a new stake in ClearSign Technologies in the 2nd quarter valued at about $38,000. Disciplined Investments LLC raised its holdings in ClearSign Technologies by 223.0% in the 1st quarter. Disciplined Investments LLC now owns 48,016 shares of the technology company’s stock valued at $46,000 after buying an additional 33,152 shares during the period. Bank of Montreal Can raised its holdings in ClearSign Technologies by 49.2% in the 1st quarter. Bank of Montreal Can now owns 53,400 shares of the technology company’s stock valued at $91,000 after buying an additional 17,600 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in ClearSign Technologies in the 3rd quarter valued at about $137,000. 24.03% of the stock is currently owned by hedge funds and other institutional investors.

ClearSign Technologies Company Profile

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.