ClearSign Technologies (NASDAQ:CLIR) Earns Sell Rating from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report issued on Wednesday. The brokerage set a “sell” rating on the technology company’s stock.

ClearSign Technologies Price Performance

Shares of CLIR opened at $0.79 on Wednesday. ClearSign Technologies has a 12 month low of $0.62 and a 12 month high of $1.72. The stock has a fifty day moving average price of $0.98 and a 200 day moving average price of $0.98. The company has a market cap of $39.68 million, a P/E ratio of -7.18 and a beta of 1.04.

Institutional Trading of ClearSign Technologies

Several hedge funds have recently bought and sold shares of CLIR. Citadel Advisors LLC acquired a new stake in shares of ClearSign Technologies in the fourth quarter valued at approximately $49,000. Northern Trust Corp increased its position in ClearSign Technologies by 23.8% in the 4th quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock valued at $109,000 after acquiring an additional 14,521 shares during the period. Raymond James Financial Inc. bought a new stake in ClearSign Technologies during the 4th quarter valued at $75,000. Renaissance Technologies LLC acquired a new position in ClearSign Technologies during the 4th quarter worth $84,000. Finally, Geode Capital Management LLC increased its holdings in shares of ClearSign Technologies by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 536,995 shares of the technology company’s stock valued at $773,000 after purchasing an additional 15,766 shares during the period. 24.03% of the stock is currently owned by 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.