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

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

ClearSign Technologies Price Performance

Shares of NASDAQ:CLIR opened at $0.89 on Tuesday. The firm has a market capitalization of $34.92 million, a PE ratio of -6.88 and a beta of 0.99. The firm’s 50-day moving average is $1.04 and its two-hundred day moving average is $1.05. ClearSign Technologies has a 1 year low of $0.75 and a 1 year high of $1.75.

Institutional Trading of ClearSign Technologies

A number of large investors have recently made changes to their positions in CLIR. Vanguard Group Inc. boosted 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 in the last quarter. Geode Capital Management LLC boosted 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 in the last quarter. BlackRock Inc. boosted its holdings in ClearSign Technologies by 5.4% in the second 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 acquired a new position in ClearSign Technologies in the third quarter valued at approximately $137,000. Finally, Bank of Montreal Can boosted its holdings in ClearSign Technologies by 49.2% in the first 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. 24.03% of the stock is currently owned by hedge funds and other institutional investors.

ClearSign Technologies Company Profile

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.