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

Equities researchers at StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIRGet Free Report) in a research note issued to investors on Tuesday. The firm set a “sell” rating on the technology company’s stock.

ClearSign Technologies Trading Down 2.9 %

NASDAQ:CLIR opened at $1.34 on Tuesday. ClearSign Technologies has a 1 year low of $0.62 and a 1 year high of $1.72. The firm’s fifty day simple moving average is $1.17 and its 200 day simple moving average is $0.94. The firm has a market capitalization of $67.31 million, a PE ratio of -12.18 and a beta of 1.13.

Hedge Funds Weigh In On ClearSign Technologies

An institutional investor recently bought a new position in ClearSign Technologies stock. Americana Partners LLC purchased a new position in shares of ClearSign Technologies Co. (NASDAQ:CLIRFree Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 owned by hedge funds and other institutional investors.

About ClearSign Technologies

(Get Free Report)

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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