StockNews.com started coverage on shares of ClearSign Technologies (NASDAQ:CLIR - Get Free Report) in a research note issued to investors on Thursday. The brokerage set a "sell" rating on the technology company's stock.
ClearSign Technologies Stock Down 6.1 %
Shares of CLIR traded down $0.07 during mid-day trading on Thursday, hitting $1.07. 140,894 shares of the company's stock were exchanged, compared to its average volume of 122,548. ClearSign Technologies has a 52 week low of $0.62 and a 52 week high of $1.72. The stock's 50-day simple moving average is $1.21 and its 200-day simple moving average is $0.97. The firm has a market cap of $53.75 million, a price-to-earnings ratio of -9.73 and a beta of 1.13.
Institutional Trading of ClearSign Technologies
Large investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in 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. Raymond James Financial Inc. acquired a new position in shares of ClearSign Technologies in the 4th quarter valued at approximately $75,000. Finally, Americana Partners LLC bought a new stake in shares of ClearSign Technologies during the 3rd quarter worth approximately $25,000. 24.03% of the stock is owned by institutional investors and hedge funds.
ClearSign Technologies Company Profile
(
Get Free Report)
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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