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

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

ClearSign Technologies Trading Down 3.5 %

Shares of ClearSign Technologies stock opened at $1.09 on Monday. The company’s fifty day simple moving average is $1.11 and its 200-day simple moving average is $0.92. The company has a market cap of $54.76 million, a price-to-earnings ratio of -9.91 and a beta of 1.13. ClearSign Technologies has a 1 year low of $0.62 and a 1 year high of $1.72.

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 position in ClearSign Technologies Co. (NASDAQ:CLIR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,000 shares of the technology company’s stock, valued at approximately $25,000. Americana Partners LLC owned 0.06% of ClearSign Technologies at the end of the most recent reporting period. 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.