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

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

ClearSign Technologies Price Performance

NASDAQ CLIR opened at $0.98 on Friday. ClearSign Technologies has a 1-year low of $0.75 and a 1-year high of $1.75. The company has a market cap of $37.79 million, a PE ratio of -7.00 and a beta of 1.02. The stock’s 50 day simple moving average is $1.05 and its 200-day simple moving average is $1.06.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. purchased a new position in ClearSign Technologies during the second quarter worth approximately $33,000. Renaissance Technologies LLC acquired a new position in shares of ClearSign Technologies during the 2nd quarter valued at about $38,000. Bank of Montreal Can boosted its holdings in ClearSign Technologies by 49.2% in the 1st 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 during the last quarter. HighTower Advisors LLC purchased a new stake in shares of ClearSign Technologies in the 3rd quarter valued at approximately $137,000. Finally, BlackRock Inc. lifted its stake in shares of ClearSign Technologies by 5.4% in 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 last quarter. 24.03% of the stock is owned by hedge funds and other institutional investors.

About ClearSign Technologies

(Get Free Report)

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.

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