Stock analysts at StockNews.com started coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Get Rating) in a note issued to investors on Monday. The firm set a “sell” rating on the technology company’s stock.
ClearSign Technologies Price Performance
CLIR stock opened at $0.78 on Monday. The firm’s fifty day simple moving average is $0.74 and its 200-day simple moving average is $0.78. ClearSign Technologies has a 12 month low of $0.50 and a 12 month high of $1.78. The company has a market capitalization of $29.58 million, a P/E ratio of -4.58 and a beta of 1.10.
Hedge Funds Weigh In On ClearSign Technologies
A hedge fund recently raised its stake in ClearSign Technologies stock. Bank of Montreal Can boosted its stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR – Get Rating) by 49.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 53,400 shares of the technology company’s stock after acquiring an additional 17,600 shares during the period. Bank of Montreal Can owned about 0.17% of ClearSign Technologies worth $91,000 at the end of the most recent quarter. 8.42% of the stock is owned by hedge funds and other institutional investors.
About ClearSign Technologies
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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