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

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

ClearSign Technologies Trading Down 1.9 %

Shares of CLIR opened at $0.87 on Tuesday. ClearSign Technologies has a 1 year low of $0.75 and a 1 year high of $1.75. The stock has a market cap of $33.96 million, a P/E ratio of -6.69 and a beta of 0.99. The stock’s 50-day moving average price is $1.03 and its two-hundred day moving average price is $1.05.

Hedge Funds Weigh In On ClearSign Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in ClearSign Technologies by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 1,101,164 shares of the technology company’s stock worth $1,222,000 after buying an additional 26,342 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of ClearSign Technologies by 24.7% during the 2nd quarter. Geode Capital Management LLC now owns 322,830 shares of the technology company’s stock valued at $423,000 after purchasing an additional 63,874 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of ClearSign Technologies by 5.4% during the 2nd quarter. BlackRock Inc. now owns 281,854 shares of the technology company’s stock valued at $369,000 after purchasing an additional 14,486 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of ClearSign Technologies during the 3rd quarter valued at about $137,000. Finally, Bank of Montreal Can lifted its holdings in shares of ClearSign Technologies by 49.2% during the 1st quarter. Bank of Montreal Can now owns 53,400 shares of the technology company’s stock valued at $91,000 after purchasing an additional 17,600 shares in the last quarter. Institutional investors own 24.03% of the company’s stock.

About ClearSign Technologies

ClearSign Technologies Corporation designs and develops technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play Burner technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.