ClearSign Technologies (NASDAQ:CLIR) Now Covered by StockNews.com

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

Separately, HC Wainwright reiterated a “buy” rating and set a $6.00 target price on shares of ClearSign Technologies in a research note on Thursday, August 22nd.

ClearSign Technologies Trading Up 1.2 %

Shares of CLIR opened at $0.87 on Monday. The company’s 50 day simple moving average is $0.84 and its 200-day simple moving average is $0.81. The firm has a market cap of $43.68 million, a PE ratio of -7.91 and a beta of 1.07. ClearSign Technologies has a 12-month low of $0.62 and a 12-month high of $1.72.

Hedge Funds Weigh In On ClearSign Technologies

An institutional investor recently raised its stake in ClearSign Technologies stock. Geode Capital Management LLC lifted its position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 521,229 shares of the technology company’s stock after acquiring an additional 136,639 shares during the quarter. Geode Capital Management LLC owned 1.04% of ClearSign Technologies worth $443,000 at the end of the most recent quarter. 24.03% of the stock is 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.