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

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

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

ClearSign Technologies Trading Up 3.7 %

Shares of ClearSign Technologies stock opened at $1.13 on Friday. The stock has a market capitalization of $56.76 million, a price-to-earnings ratio of -10.27 and a beta of 1.14. ClearSign Technologies has a 1-year low of $0.62 and a 1-year high of $1.32. The firm’s 50-day moving average price is $0.99 and its two-hundred day moving average price is $0.86.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ClearSign Technologies stock. Americana Partners LLC acquired a new position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 30,000 shares of the technology company’s stock, valued at approximately $25,000. Americana Partners LLC owned about 0.06% of ClearSign Technologies at the end of the most recent reporting period. 24.03% of the stock is owned by hedge funds and other 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.