StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Free Report) in a report issued on Tuesday morning. The brokerage issued a sell rating on the technology company’s stock.
ClearSign Technologies Price Performance
Shares of NASDAQ:CLIR opened at $0.89 on Tuesday. The company has a market cap of $34.61 million, a P/E ratio of -6.82 and a beta of 1.00. ClearSign Technologies has a 1 year low of $0.75 and a 1 year high of $1.75. The stock’s fifty day moving average price is $1.03 and its 200-day moving average price is $1.05.
Institutional Trading of ClearSign Technologies
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC bought a new stake in ClearSign Technologies in the 3rd quarter worth approximately $137,000. Geode Capital Management LLC increased its stake in ClearSign Technologies by 24.7% in the 2nd quarter. Geode Capital Management LLC now owns 322,830 shares of the technology company’s stock worth $423,000 after acquiring an additional 63,874 shares during the last quarter. Disciplined Investments LLC increased its stake in ClearSign Technologies by 223.0% in the 1st quarter. Disciplined Investments LLC now owns 48,016 shares of the technology company’s stock worth $46,000 after acquiring an additional 33,152 shares during the last quarter. Renaissance Technologies LLC bought a new stake in ClearSign Technologies in the 2nd quarter worth approximately $38,000. Finally, Vanguard Group Inc. increased its stake in ClearSign Technologies by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 1,101,164 shares of the technology company’s stock worth $1,222,000 after acquiring an additional 26,342 shares during the last quarter. Institutional investors own 24.03% of the company’s stock.
ClearSign Technologies Company Profile
ClearSign Technologies Corporation designs and develops technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play Burner technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.
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