ClearSign Technologies (NASDAQ:CLIR) Earns Sell Rating from Analysts at StockNews.com

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

ClearSign Technologies Price Performance

Shares of NASDAQ CLIR opened at $0.77 on Wednesday. The company has a market capitalization of $38.68 million, a P/E ratio of -7.00 and a beta of 1.04. The company has a 50 day simple moving average of $0.96 and a 200-day simple moving average of $0.98. 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 number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new position in shares of ClearSign Technologies during the 4th quarter worth $49,000. Northern Trust Corp lifted its position in ClearSign Technologies by 23.8% in the fourth quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock valued at $109,000 after buying an additional 14,521 shares during the last quarter. Raymond James Financial Inc. acquired a new position in ClearSign Technologies in the fourth quarter valued at about $75,000. Renaissance Technologies LLC purchased a new position in ClearSign Technologies during the fourth quarter worth about $84,000. Finally, Geode Capital Management LLC increased its position in shares of ClearSign Technologies by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 536,995 shares of the technology company’s stock valued at $773,000 after acquiring an additional 15,766 shares during the last quarter. Hedge funds and other institutional investors own 24.03% of the company’s stock.

About ClearSign Technologies

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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.

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