Analysts at StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Get Free Report) in a note issued to investors on Tuesday. The brokerage set a “sell” rating on the technology company’s stock.
ClearSign Technologies Stock Down 3.4 %
Shares of CLIR stock opened at $0.77 on Tuesday. The firm has a market cap of $38.81 million, a price-to-earnings ratio of -7.02 and a beta of 1.04. The company’s 50 day moving average is $1.02 and its 200 day moving average is $0.98. ClearSign Technologies has a 52-week low of $0.62 and a 52-week high of $1.72.
Hedge Funds Weigh In On ClearSign Technologies
A number of large investors have recently made changes to their positions in CLIR. Geode Capital Management LLC increased its position 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 in the last quarter. Renaissance Technologies LLC acquired a new position in shares of ClearSign Technologies during the fourth quarter worth $84,000. Raymond James Financial Inc. acquired a new position in shares of ClearSign Technologies during the fourth quarter worth $75,000. Citadel Advisors LLC acquired a new position in shares of ClearSign Technologies during the fourth quarter worth $49,000. Finally, Northern Trust Corp increased its position in shares of ClearSign Technologies by 23.8% during 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 in the last quarter. 24.03% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
- Five stocks we like better than ClearSign Technologies
- How Investors Can Find the Best Cheap Dividend Stocks
- What GTC 2025 Signals for NVIDIA Stock’s Next Big Move
- Stock Market Upgrades: What Are They?
- Alphabet’s Officially In A Bear Market—Time To Buy?
- Do ETFs Pay Dividends? What You Need to Know
- D-Wave and Quantum Supremacy: Implications For Investors
Receive News & Ratings for ClearSign Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ClearSign Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
