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

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

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

ClearSign Technologies Stock Performance

ClearSign Technologies stock opened at $0.87 on Monday. ClearSign Technologies has a one year low of $0.62 and a one year high of $1.72. The company has a market cap of $43.68 million, a P/E ratio of -7.91 and a beta of 1.07. The business has a fifty day moving average of $0.84 and a two-hundred day moving average of $0.81.

Institutional Trading of ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Geode Capital Management LLC grew its position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 521,229 shares of the technology company’s stock after purchasing an additional 136,639 shares during the period. 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.

About ClearSign Technologies

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.