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

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

Separately, HC Wainwright reissued a “buy” rating and issued a $6.00 price target on shares of ClearSign Technologies in a report on Thursday, August 22nd.

ClearSign Technologies Stock Performance

Shares of CLIR stock opened at $1.13 on Friday. The stock has a fifty day simple moving average of $0.98 and a two-hundred day simple moving average of $0.86. ClearSign Technologies has a 52-week low of $0.62 and a 52-week high of $1.32. The firm has a market capitalization of $56.76 million, a PE ratio of -10.27 and a beta of 1.14.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ClearSign Technologies stock. Americana Partners LLC purchased a new stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 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. 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.