Equities researchers at StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Get Free Report) in a research note issued to investors on Sunday. The brokerage set a “sell” rating on the technology company’s stock.
ClearSign Technologies Stock Up 3.5 %
Shares of ClearSign Technologies stock opened at $0.79 on Friday. The firm has a market cap of $39.44 million, a price-to-earnings ratio of -7.14 and a beta of 1.13. ClearSign Technologies has a 52-week low of $0.62 and a 52-week high of $1.72. The company’s 50-day simple moving average is $1.14 and its 200-day simple moving average is $0.98.
Institutional Investors Weigh In On ClearSign Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in shares of ClearSign Technologies by 35.5% during the 3rd 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. Renaissance Technologies LLC acquired a new position in ClearSign Technologies during the fourth quarter worth about $84,000. Raymond James Financial Inc. purchased a new position in ClearSign Technologies in the fourth quarter valued at about $75,000. Citadel Advisors LLC acquired a new stake in shares of ClearSign Technologies during the 4th quarter valued at approximately $49,000. Finally, Americana Partners LLC acquired a new stake in shares of ClearSign Technologies during the 3rd quarter valued at approximately $25,000. Institutional investors and hedge funds own 24.03% of the company’s stock.
ClearSign Technologies Company Profile
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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