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

Equities research analysts at StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a report released on Wednesday. The brokerage set a “sell” rating on the technology company’s stock.

ClearSign Technologies Trading Up 2.5 %

CLIR opened at $1.22 on Wednesday. The company has a market cap of $61.28 million, a price-to-earnings ratio of -11.09 and a beta of 1.13. The stock has a fifty day simple moving average of $1.20 and a two-hundred day simple moving average of $0.95. ClearSign Technologies has a 12-month low of $0.62 and a 12-month high of $1.72.

Institutional Trading of ClearSign Technologies

A hedge fund recently bought a new stake in ClearSign Technologies stock. Americana Partners LLC bought a new position in ClearSign Technologies Co. (NASDAQ:CLIR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter. 24.03% of the stock is currently owned by hedge funds and other institutional investors.

ClearSign Technologies Company Profile

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.