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

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

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

ClearSign Technologies Stock Performance

NASDAQ:CLIR opened at $1.16 on Thursday. ClearSign Technologies has a 52-week low of $0.62 and a 52-week high of $1.42. The stock has a fifty day moving average of $0.96 and a 200 day moving average of $0.85. The firm has a market capitalization of $58.27 million, a price-to-earnings ratio of -10.55 and a beta of 1.14.

Institutional Trading of ClearSign Technologies

An institutional investor recently bought a new position in ClearSign Technologies stock. Americana Partners LLC purchased a new position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 30,000 shares of the technology company’s stock, valued at approximately $25,000. Americana Partners LLC owned about 0.06% of ClearSign Technologies as of its most recent SEC filing. 24.03% of the stock is currently owned by institutional investors and hedge funds.

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.