StockNews.com started coverage on shares of ClearSign Technologies (NASDAQ:CLIR - Free Report) in a report issued on Friday. The firm issued a sell rating on the technology company's stock.
Separately, HC Wainwright restated a "buy" rating and issued a $6.00 price objective on shares of ClearSign Technologies in a report on Thursday, August 22nd.
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ClearSign Technologies Price Performance
CLIR traded up $0.04 during trading on Friday, reaching $1.13. 105,857 shares of the stock traded hands, compared to its average volume of 82,066. ClearSign Technologies has a fifty-two week low of $0.62 and a fifty-two week high of $1.32. The stock's 50-day simple moving average is $0.98 and its two-hundred day simple moving average is $0.86. The stock has a market cap of $56.76 million, a price-to-earnings ratio of -10.27 and a beta of 1.14.
Hedge Funds Weigh In On ClearSign Technologies
An institutional investor recently raised its position in ClearSign Technologies stock. Geode Capital Management LLC boosted its stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR - Free Report) by 35.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 521,229 shares of the technology company's stock after purchasing an additional 136,639 shares during the quarter. Geode Capital Management LLC owned about 1.04% of ClearSign Technologies worth $443,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 24.03% of the company's stock.
About ClearSign Technologies
(
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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.
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