StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Get Free Report) in a research note issued on Monday. The firm set a “sell” rating on the technology company’s stock.
ClearSign Technologies Stock Performance
CLIR opened at $0.79 on Monday. The business’s 50-day simple moving average is $1.08 and its 200-day simple moving average is $0.98. ClearSign Technologies has a one year low of $0.62 and a one year high of $1.72. The stock has a market capitalization of $39.68 million, a P/E ratio of -7.18 and a beta of 1.04.
Institutional Trading of ClearSign Technologies
Hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp increased its position in ClearSign Technologies by 23.8% in the 4th quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock valued at $109,000 after acquiring an additional 14,521 shares during the period. Geode Capital Management LLC increased its position in ClearSign Technologies by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 536,995 shares of the technology company’s stock valued at $773,000 after acquiring an additional 15,766 shares during the period. Citadel Advisors LLC acquired a new position in ClearSign Technologies in the 4th quarter valued at about $49,000. Raymond James Financial Inc. acquired a new position in ClearSign Technologies in the 4th quarter valued at about $75,000. Finally, Renaissance Technologies LLC acquired a new position in ClearSign Technologies in the 4th quarter valued at about $84,000. 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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