ClearSign Technologies Stock Set to Reverse Split on Monday, March 16th (NASDAQ:CLIR)

ClearSign Technologies Corporation (NASDAQ:CLIR)’s stock is going to reverse split before the market opens on Monday, March 16th. The 1-10 reverse split was announced on Tuesday, March 10th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, March 13th.

ClearSign Technologies Trading Down 21.6%

CLIR opened at $0.45 on Thursday. ClearSign Technologies has a 12 month low of $0.44 and a 12 month high of $1.12. The company has a market cap of $23.99 million, a PE ratio of -3.73 and a beta of 1.26. The company has a 50 day moving average of $0.63 and a 200 day moving average of $0.70.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ClearSign Technologies in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $2.00.

Hedge Funds Weigh In On ClearSign Technologies

A number of large investors have recently modified their holdings of the company. Americana Partners LLC grew its stake in ClearSign Technologies by 83.3% during the fourth quarter. Americana Partners LLC now owns 55,000 shares of the technology company’s stock valued at $31,000 after acquiring an additional 25,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in ClearSign Technologies by 895.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock worth $40,000 after purchasing an additional 64,523 shares in the last quarter. Renaissance Technologies LLC lifted its stake in ClearSign Technologies by 89.6% in the 4th quarter. Renaissance Technologies LLC now owns 77,800 shares of the technology company’s stock worth $43,000 after purchasing an additional 36,769 shares in the last quarter. Finally, Beacon Pointe Advisors LLC bought a new position in ClearSign Technologies in the 2nd quarter valued at $145,000. 24.03% of the stock is currently owned by institutional investors.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation is a clean energy technology company specializing in advanced combustion solutions that significantly reduce emissions of nitrogen oxides (NOx), carbon monoxide (CO), and greenhouse gases from industrial and power generation sources. Established in 2010 and based in Santa Rosa, California, ClearSign has developed proprietary burner and sensing platforms designed to enhance fuel efficiency and environmental performance for gas turbines, furnaces, boilers, and incineration units.

The company’s core offerings center around two technology platforms: the XCL™ ultra-low NOx combustion system and the SGM™ (Syngas & Gas Measurement) sensor suite.