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

StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Get Rating) in a research note issued on Saturday. The brokerage set a “sell” rating on the technology company’s stock.

Separately, Zacks Investment Research lowered shares of ClearSign Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 25th.

Shares of NASDAQ CLIR opened at $1.16 on Friday. The firm has a fifty day simple moving average of $1.38 and a two-hundred day simple moving average of $1.39. The firm has a market capitalization of $37.31 million, a PE ratio of -4.64 and a beta of 1.09. ClearSign Technologies has a 12 month low of $1.00 and a 12 month high of $5.38.

Several institutional investors have recently modified their holdings of CLIR. Moors & Cabot Inc. bought a new position in shares of ClearSign Technologies in the 3rd quarter worth about $42,000. Traynor Capital Management Inc. grew its position in ClearSign Technologies by 61.9% during the 4th quarter. Traynor Capital Management Inc. now owns 34,000 shares of the technology company’s stock valued at $46,000 after purchasing an additional 13,000 shares during the last quarter. Bank of Montreal Can grew its position in 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 during the last quarter. Millennium Management LLC purchased a new stake in ClearSign Technologies during the 2nd quarter valued at about $94,000. Finally, BlackRock Inc. grew its position in ClearSign Technologies by 10.5% during the 4th quarter. BlackRock Inc. now owns 265,228 shares of the technology company’s stock valued at $366,000 after purchasing an additional 25,164 shares during the last quarter. Institutional investors own 8.42% of the company’s stock.

ClearSign Technologies Company Profile (Get Rating)

ClearSign Technologies Corporation designs and develops products and 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 technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.

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