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

Investment analysts at StockNews.com started coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a report issued on Wednesday. The firm set a “sell” rating on the technology company’s stock.

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

ClearSign Technologies Stock Performance

Shares of CLIR opened at $1.15 on Wednesday. The business’s fifty day moving average price is $0.90 and its two-hundred day moving average price is $0.83. The firm has a market capitalization of $57.76 million, a price-to-earnings ratio of -10.45 and a beta of 1.14. ClearSign Technologies has a 52 week low of $0.62 and a 52 week high of $1.42.

Hedge Funds Weigh In On ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Geode Capital Management LLC grew its stake in ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 521,229 shares of the technology company’s stock after purchasing an additional 136,639 shares during the quarter. Geode Capital Management LLC owned about 1.04% of ClearSign Technologies worth $443,000 at the end of the most recent reporting period. 24.03% of the stock is owned by 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.