StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Free Report) in a research note released on Saturday. The firm issued a sell rating on the technology company’s stock.
ClearSign Technologies Stock Down 6.8 %
ClearSign Technologies stock opened at $0.80 on Friday. The business’s 50-day simple moving average is $1.17 and its 200 day simple moving average is $0.97. The stock has a market cap of $40.18 million, a price-to-earnings ratio of -7.27 and a beta of 1.13. ClearSign Technologies has a 12-month low of $0.62 and a 12-month high of $1.72.
Hedge Funds Weigh In On ClearSign Technologies
Several hedge funds have recently added to or reduced their stakes in CLIR. Americana Partners LLC bought a new position in ClearSign Technologies in the third quarter valued at about $25,000. Geode Capital Management LLC boosted its holdings in ClearSign Technologies by 35.5% during the third quarter. Geode Capital Management LLC now owns 521,229 shares of the technology company’s stock worth $443,000 after buying an additional 136,639 shares during the last quarter. Raymond James Financial Inc. bought a new position in ClearSign Technologies during the fourth quarter worth about $75,000. Renaissance Technologies LLC bought a new position in ClearSign Technologies during the fourth quarter worth about $84,000. Finally, Northern Trust Corp boosted its holdings 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 buying an additional 14,521 shares during the last quarter. Institutional investors 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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