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

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

ClearSign Technologies Price Performance

CLIR stock opened at $0.79 on Wednesday. ClearSign Technologies has a 52-week low of $0.75 and a 52-week high of $1.75. The company has a 50-day moving average of $1.02 and a two-hundred day moving average of $1.04. The stock has a market capitalization of $30.69 million, a price-to-earnings ratio of -6.05 and a beta of 0.99.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ClearSign Technologies stock. Disciplined Investments LLC grew its stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 48,016 shares of the technology company’s stock after buying an additional 33,152 shares during the period. Disciplined Investments LLC owned approximately 0.12% of ClearSign Technologies worth $46,000 as of its most recent filing with the SEC. 24.03% of the stock is currently owned by hedge funds and other institutional investors.

About ClearSign Technologies

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.