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

Stock analysts at StockNews.com started coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a note issued to investors on Tuesday. The brokerage set a “sell” rating on the technology company’s stock.

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

ClearSign Technologies Stock Down 11.9 %

ClearSign Technologies stock opened at $1.04 on Tuesday. The company’s 50-day moving average price is $0.86 and its two-hundred day moving average price is $0.81. The stock has a market cap of $52.24 million, a P/E ratio of -9.45 and a beta of 1.07. ClearSign Technologies has a twelve month low of $0.62 and a twelve month high of $1.72.

Institutional Investors Weigh In On ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Geode Capital Management LLC boosted its stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 521,229 shares of the technology company’s stock after acquiring 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 reporting period. 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.