ClearSign Technologies (NASDAQ:CLIR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research note issued to investors on Friday morning. The firm issued a sell rating on the technology company’s stock.

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

ClearSign Technologies Trading Up 3.7 %

CLIR opened at $1.13 on Friday. ClearSign Technologies has a 12 month low of $0.62 and a 12 month high of $1.32. The stock has a 50-day moving average of $0.98 and a 200 day moving average of $0.86. The firm has a market cap of $56.76 million, a P/E ratio of -10.27 and a beta of 1.14.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ClearSign Technologies stock. Geode Capital Management LLC boosted its holdings in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 521,229 shares of the technology company’s stock after acquiring an additional 136,639 shares during the quarter. Geode Capital Management LLC owned 1.04% of ClearSign Technologies worth $443,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 24.03% of the company’s stock.

About ClearSign Technologies

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.