ClearSign Technologies (NASDAQ:CLIR) Now Covered by StockNews.com

Analysts at StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research note issued to investors on Wednesday. The brokerage set a “sell” rating on the technology company’s stock.

ClearSign Technologies Stock Performance

Shares of CLIR opened at $0.87 on Wednesday. ClearSign Technologies has a twelve month low of $0.75 and a twelve month high of $1.75. The firm’s 50 day moving average price is $1.02 and its two-hundred day moving average price is $1.04. The firm has a market cap of $34.04 million, a P/E ratio of -6.71 and a beta of 1.00.

Institutional Trading of ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Disciplined Investments LLC raised its position in ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 48,016 shares of the technology company’s stock after acquiring an additional 33,152 shares during the period. Disciplined Investments LLC owned about 0.12% of ClearSign Technologies worth $46,000 as of its most recent filing with the SEC. 24.03% of the stock is currently owned by institutional investors and hedge funds.

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.