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

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

ClearSign Technologies Stock Down 1.9 %

Shares of NASDAQ:CLIR opened at $0.87 on Tuesday. The stock has a market cap of $33.96 million, a price-to-earnings ratio of -6.69 and a beta of 0.99. ClearSign Technologies has a 12-month low of $0.75 and a 12-month high of $1.75. The business’s 50 day moving average is $1.03 and its 200 day moving average is $1.05.

Institutional Trading of ClearSign Technologies

Hedge funds have recently bought and sold shares of the business. Disciplined Investments LLC raised its stake in shares of ClearSign Technologies by 223.0% during the 1st 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 period. Vanguard Group Inc. raised its stake in shares of ClearSign Technologies by 2.5% during the 4th 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 period. HighTower Advisors LLC bought a new stake in shares of ClearSign Technologies during the 3rd quarter valued at $137,000. Renaissance Technologies LLC bought a new stake in shares of ClearSign Technologies during the 2nd quarter valued at $38,000. Finally, BlackRock Inc. raised its stake in shares of ClearSign Technologies by 5.4% during the 2nd 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 during the period. 24.03% of the stock is currently owned by 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.