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

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

ClearSign Technologies Trading Down 3.4 %

Shares of NASDAQ:CLIR opened at $1.12 on Thursday. The firm has a fifty day moving average price of $1.21 and a 200 day moving average price of $0.96. 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 hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its position in ClearSign Technologies by 35.5% during the third quarter. Geode Capital Management LLC now owns 521,229 shares of the technology company’s stock valued at $443,000 after buying an additional 136,639 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of ClearSign Technologies during the fourth quarter valued at approximately $75,000. Finally, Americana Partners LLC bought a new stake in shares of ClearSign Technologies in the third quarter worth $25,000. 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.