ClearSign Technologies Stock Set to Reverse Split on Monday, March 16th (NASDAQ:CLIR)

Shares of ClearSign Technologies Corporation (NASDAQ:CLIR) are set to reverse split on Monday, March 16th. The 1-10 reverse split was announced on Tuesday, March 10th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 13th.

ClearSign Technologies Price Performance

Shares of ClearSign Technologies stock opened at $0.45 on Thursday. The firm has a market cap of $23.99 million, a PE ratio of -3.73 and a beta of 1.26. ClearSign Technologies has a 1 year low of $0.44 and a 1 year high of $1.12. The stock has a fifty day moving average price of $0.63 and a 200-day moving average price of $0.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ClearSign Technologies in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $2.00.

Hedge Funds Weigh In On ClearSign Technologies

Several institutional investors and hedge funds have recently bought and sold shares of CLIR. Northwestern Mutual Wealth Management Co. increased its position in ClearSign Technologies by 895.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock worth $40,000 after buying an additional 64,523 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new position in shares of ClearSign Technologies during the 2nd quarter valued at $145,000. Americana Partners LLC lifted its position in shares of ClearSign Technologies by 83.3% during the 4th quarter. Americana Partners LLC now owns 55,000 shares of the technology company’s stock valued at $31,000 after buying an additional 25,000 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of ClearSign Technologies by 89.6% during the 4th quarter. Renaissance Technologies LLC now owns 77,800 shares of the technology company’s stock worth $43,000 after acquiring an additional 36,769 shares during the period. 24.03% of the stock is owned by institutional investors.

About ClearSign Technologies

ClearSign Technologies Corporation is a clean energy technology company specializing in advanced combustion solutions that significantly reduce emissions of nitrogen oxides (NOx), carbon monoxide (CO), and greenhouse gases from industrial and power generation sources. Established in 2010 and based in Santa Rosa, California, ClearSign has developed proprietary burner and sensing platforms designed to enhance fuel efficiency and environmental performance for gas turbines, furnaces, boilers, and incineration units.

The company’s core offerings center around two technology platforms: the XCL™ ultra-low NOx combustion system and the SGM™ (Syngas & Gas Measurement) sensor suite.