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

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

ClearSign Technologies Trading Up 1.8 %

Shares of CLIR opened at $1.13 on Monday. ClearSign Technologies has a 1-year low of $0.62 and a 1-year high of $1.72. The firm’s 50-day moving average price is $1.11 and its 200-day moving average price is $0.91. The firm has a market capitalization of $56.76 million, a price-to-earnings ratio of -10.27 and a beta of 1.13.

Institutional Investors Weigh In On ClearSign Technologies

A hedge fund recently bought a new stake in ClearSign Technologies stock. Americana Partners LLC bought a new stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 30,000 shares of the technology company’s stock, valued at approximately $25,000. Americana Partners LLC owned approximately 0.06% of ClearSign Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 24.03% of the company’s stock.

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.