ClearSign Technologies (NASDAQ:CLIR) Now Covered by Analysts at StockNews.com

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

ClearSign Technologies Stock Down 5.8 %

Shares of NASDAQ CLIR opened at $0.89 on Tuesday. The business’s 50 day moving average is $1.04 and its two-hundred day moving average is $1.05. The company has a market cap of $34.92 million, a P/E ratio of -6.88 and a beta of 0.99. ClearSign Technologies has a 12 month low of $0.75 and a 12 month high of $1.75.

Hedge Funds Weigh In On ClearSign Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of CLIR. HighTower Advisors LLC bought a new stake in ClearSign Technologies in the third quarter valued at about $137,000. Geode Capital Management LLC increased its holdings in ClearSign Technologies by 24.7% in the second 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 during the last quarter. Disciplined Investments LLC increased its holdings in ClearSign Technologies by 223.0% in the first quarter. Disciplined Investments LLC now owns 48,016 shares of the technology company’s stock valued at $46,000 after purchasing an additional 33,152 shares during the last quarter. Renaissance Technologies LLC bought a new stake in ClearSign Technologies in the second quarter valued at about $38,000. Finally, Vanguard Group Inc. increased its holdings in ClearSign Technologies by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 1,101,164 shares of the technology company’s stock valued at $1,222,000 after purchasing an additional 26,342 shares during the last quarter. Institutional investors and hedge funds 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.