ClearSign Technologies (NASDAQ:CLIR) Earns Sell Rating from Analysts at StockNews.com

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

Separately, Zacks Investment Research cut ClearSign Technologies from a buy rating to a hold rating in a research note on Tuesday, January 25th.

Shares of CLIR stock opened at $1.38 on Monday. The stock has a market cap of $44.37 million, a PE ratio of -5.52 and a beta of 0.99. The stock has a 50-day moving average of $1.35 and a 200-day moving average of $1.50. ClearSign Technologies has a one year low of $1.00 and a one year high of $5.44.

A number of hedge funds and other institutional investors have recently bought and sold shares of CLIR. Stifel Financial Corp increased its stake in ClearSign Technologies by 25.2% during the 4th quarter. Stifel Financial Corp now owns 490,790 shares of the technology company’s stock worth $677,000 after purchasing an additional 98,915 shares in the last quarter. Avidian Wealth Solutions LLC increased its stake in ClearSign Technologies by 30.3% during the 3rd quarter. Avidian Wealth Solutions LLC now owns 115,995 shares of the technology company’s stock worth $232,000 after purchasing an additional 27,000 shares in the last quarter. BlackRock Inc. increased its stake in ClearSign Technologies by 10.5% during the 4th quarter. BlackRock Inc. now owns 265,228 shares of the technology company’s stock worth $366,000 after purchasing an additional 25,164 shares in the last quarter. Morgan Stanley increased its stake in ClearSign Technologies by 26.4% during the 1st quarter. Morgan Stanley now owns 108,343 shares of the technology company’s stock worth $615,000 after purchasing an additional 22,603 shares in the last quarter. Finally, Moors & Cabot Inc. bought a new stake in ClearSign Technologies during the 3rd quarter worth approximately $42,000. 8.65% of the stock is owned by institutional investors and hedge funds.

About ClearSign Technologies (Get Rating)

ClearSign Technologies Corp. engages in the design and development of technologies for the combustion systems. Its product Duplex technology focuses on the performance enhancement of combustion systems in a broad range of markets, including the energy, commercial and industrial boiler, chemical, petrochemical, and power industries.

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