StockNews.com Begins Coverage on ClearSign Technologies (NASDAQ:CLIR)

Equities researchers at StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research note issued on Tuesday. The firm set a “sell” rating on the technology company’s stock.

Separately, HC Wainwright restated a “buy” rating and issued a $6.00 price objective on shares of ClearSign Technologies in a report on Thursday, August 22nd.

ClearSign Technologies Price Performance

NASDAQ:CLIR opened at $1.12 on Tuesday. The firm’s 50-day moving average price is $0.87 and its 200-day moving average price is $0.82. The company has a market capitalization of $56.26 million, a PE ratio of -10.55 and a beta of 1.07. ClearSign Technologies has a 1-year low of $0.62 and a 1-year high of $1.61.

Institutional Investors Weigh In On ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Geode Capital Management LLC increased its position in ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 521,229 shares of the technology company’s stock after purchasing an additional 136,639 shares during the period. Geode Capital Management LLC owned approximately 1.04% of ClearSign Technologies worth $443,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.