Renaissance Technologies LLC purchased a new stake in ClearSign Technologies Co. (NASDAQ:CLIR – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 58,500 shares of the technology company’s stock, valued at approximately $84,000.
Separately, Raymond James Financial Inc. bought a new stake in shares of ClearSign Technologies during the 4th quarter valued at $75,000. 24.03% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on CLIR. StockNews.com began coverage on ClearSign Technologies in a research report on Monday. They issued a “sell” rating on the stock. HC Wainwright decreased their target price on shares of ClearSign Technologies from $6.00 to $2.00 and set a “buy” rating on the stock in a report on Thursday, April 17th.
ClearSign Technologies Price Performance
Shares of NASDAQ:CLIR opened at $0.54 on Thursday. The company’s 50 day simple moving average is $0.67 and its 200 day simple moving average is $0.93. ClearSign Technologies Co. has a 1 year low of $0.46 and a 1 year high of $1.72. The stock has a market capitalization of $28.33 million, a price-to-earnings ratio of -4.91 and a beta of 1.16.
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last posted its quarterly earnings results on Wednesday, April 2nd. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. ClearSign Technologies had a negative return on equity of 50.44% and a negative net margin of 118.93%. The company had revenue of $0.60 million during the quarter, compared to analysts’ expectations of $1.55 million. As a group, analysts anticipate that ClearSign Technologies Co. will post -0.13 EPS for the current fiscal year.
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.
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