StockNews.com Initiates Coverage on ClearSign Technologies (NASDAQ:CLIR)

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

ClearSign Technologies Stock Up 23.8 %

Shares of NASDAQ CLIR opened at $1.51 on Friday. The company has a market capitalization of $75.85 million, a PE ratio of -13.73 and a beta of 1.14. The firm has a fifty day simple moving average of $1.02 and a 200 day simple moving average of $0.87. ClearSign Technologies has a twelve month low of $0.62 and a twelve month high of $1.57.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ClearSign Technologies stock. Americana Partners LLC acquired a new position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,000 shares of the technology company’s stock, valued at approximately $25,000. Americana Partners LLC owned about 0.06% of ClearSign Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 24.03% of the company’s stock.

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.