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

StockNews.com started coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research note published on Tuesday. The firm issued a sell rating on the technology company’s stock.

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

ClearSign Technologies Stock Performance

CLIR stock opened at $1.12 on Tuesday. The company has a market capitalization of $56.26 million, a price-to-earnings ratio of -10.18 and a beta of 1.07. The business’s 50 day moving average price is $0.88 and its two-hundred day moving average price is $0.82. ClearSign Technologies has a fifty-two week low of $0.62 and a fifty-two week high of $1.61.

Hedge Funds Weigh In On ClearSign Technologies

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