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 Trading Up 3.9 %
Shares of NASDAQ:CLIR opened at $0.79 on Wednesday. The firm has a market cap of $39.68 million, a PE ratio of -7.18 and a beta of 1.04. The company has a fifty day simple moving average of $0.98 and a 200 day simple moving average of $0.98. ClearSign Technologies has a 12-month low of $0.62 and a 12-month high of $1.72.
Institutional Trading of ClearSign Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of CLIR. Citadel Advisors LLC acquired a new position in shares of ClearSign Technologies in the 4th quarter worth approximately $49,000. Raymond James Financial Inc. bought a new position in ClearSign Technologies during 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 increased 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 valued at $109,000 after purchasing an additional 14,521 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 136,639 shares during the period. 24.03% of the stock is owned by institutional investors.
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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