StockNews.com Begins Coverage on ClearSign Technologies (NASDAQ:CLIR)

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

Separately, HC Wainwright reaffirmed a “buy” rating and set a $6.00 price target on shares of ClearSign Technologies in a research report on Thursday, August 22nd.

ClearSign Technologies Trading Up 8.7 %

Shares of NASDAQ:CLIR opened at $1.12 on Tuesday. The company has a 50-day moving average price of $0.87 and a 200-day moving average price of $0.82. The company has a market cap of $56.26 million, a price-to-earnings ratio of -10.55 and a beta of 1.07. ClearSign Technologies has a 12 month low of $0.62 and a 12 month high of $1.61.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ClearSign Technologies stock. Americana Partners LLC purchased a new position in ClearSign Technologies Co. (NASDAQ:CLIR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,000 shares of the technology company’s stock, valued at approximately $25,000. Americana Partners LLC owned approximately 0.06% of ClearSign Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 24.03% of the company’s stock.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation designs and develops products and technologies to enhance emission and operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong.