StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Free Report) in a report issued on Monday morning. The brokerage issued a sell rating on the technology company’s stock.
ClearSign Technologies Trading Up 6.3 %
CLIR stock opened at $0.84 on Monday. ClearSign Technologies has a twelve month low of $0.62 and a twelve month high of $1.72. The company has a market capitalization of $42.20 million, a P/E ratio of -7.64 and a beta of 1.04. The firm has a 50 day simple moving average of $1.08 and a 200-day simple moving average of $0.98.
Institutional Trading of ClearSign Technologies
A number of hedge funds have recently made changes to their positions in CLIR. Citadel Advisors LLC acquired a new stake in shares of ClearSign Technologies during the fourth quarter worth approximately $49,000. Raymond James Financial Inc. acquired a new position in ClearSign Technologies in the fourth quarter worth $75,000. Renaissance Technologies LLC acquired a new position in ClearSign Technologies in the fourth quarter worth $84,000. Northern Trust Corp boosted its holdings in ClearSign Technologies by 23.8% in 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, Geode Capital Management LLC boosted its holdings in ClearSign Technologies by 35.5% in the third quarter. Geode Capital Management LLC now owns 521,229 shares of the technology company’s stock worth $443,000 after purchasing an additional 136,639 shares during the period. 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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