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

StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research note released on Sunday. The brokerage issued a sell rating on the technology company’s stock.

ClearSign Technologies Stock Performance

Shares of NASDAQ CLIR opened at $1.10 on Friday. The firm has a 50 day moving average price of $1.09 and a 200 day moving average price of $0.90. The stock has a market cap of $55.26 million, a P/E ratio of -10.00 and a beta of 1.13. ClearSign Technologies has a 52-week low of $0.62 and a 52-week high of $1.72.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ClearSign Technologies stock. Americana Partners LLC acquired a new stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 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 reporting period. Institutional investors and hedge funds own 24.03% of the company’s stock.

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.