Clearsign Combustion Corp (NASDAQ:CLIR) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.12 and traded as low as $0.95. Clearsign Combustion shares last traded at $0.95, with a volume of 600 shares trading hands.
Separately, ValuEngine cut Clearsign Combustion from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.
The firm has a fifty day simple moving average of $1.03 and a two-hundred day simple moving average of $1.12. The company has a debt-to-equity ratio of 0.04, a quick ratio of 7.26 and a current ratio of 7.26.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Clearsign Combustion by 62.1% during the 2nd quarter. Vanguard Group Inc. now owns 579,828 shares of the technology company’s stock valued at $667,000 after buying an additional 222,200 shares in the last quarter. Stifel Financial Corp grew its holdings in Clearsign Combustion by 2.8% during the 3rd quarter. Stifel Financial Corp now owns 500,846 shares of the technology company’s stock valued at $619,000 after buying an additional 13,846 shares in the last quarter. Finally, STA Wealth Management LLC grew its holdings in Clearsign Combustion by 20.7% during the 2nd quarter. STA Wealth Management LLC now owns 95,995 shares of the technology company’s stock valued at $110,000 after buying an additional 16,495 shares in the last quarter. Institutional investors and hedge funds own 12.59% of the company’s stock.
Clearsign Combustion Company Profile (NASDAQ:CLIR)
ClearSign Combustion Corporation designs and develops technologies to enhance emission and operational performance, energy efficiency, and overall cost-effectiveness of combustion systems in the United States. Its Duplex, Duplex Plug & Play, and Electrodynamic Combustion Control platform technologies enhance the performance of combustion systems in a range of markets, including energy, commercial/industrial boiler, chemical, petrochemical, and power industries.
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