Analysts at StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Get Free Report) in a report issued on Wednesday. The firm set a “sell” rating on the technology company’s stock.
ClearSign Technologies Stock Down 0.4 %
CLIR stock opened at $0.76 on Wednesday. ClearSign Technologies has a twelve month low of $0.62 and a twelve month high of $1.72. The company has a market cap of $38.32 million, a PE ratio of -6.94 and a beta of 1.04. The business’s 50-day simple moving average is $0.99 and its 200 day simple moving average is $0.99.
Institutional Investors Weigh In On ClearSign Technologies
A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of ClearSign Technologies by 35.5% during the 3rd quarter. Geode Capital Management LLC now owns 521,229 shares of the technology company’s stock worth $443,000 after acquiring an additional 136,639 shares during the period. Raymond James Financial Inc. bought a new stake in ClearSign Technologies in the fourth quarter valued at about $75,000. Renaissance Technologies LLC acquired a new position in ClearSign Technologies in the fourth quarter worth about $84,000. Northern Trust Corp lifted its stake in ClearSign Technologies by 23.8% during the fourth quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock worth $109,000 after purchasing an additional 14,521 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in ClearSign Technologies during the fourth quarter valued at approximately $49,000. 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.
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