Clearsign Combustion (NASDAQ:CLIR) Rating Lowered to Hold at ValuEngine

ValuEngine downgraded shares of Clearsign Combustion (NASDAQ:CLIR) from a buy rating to a hold rating in a research note published on Thursday morning, ValuEngine reports.

NASDAQ CLIR traded down $0.02 during mid-day trading on Thursday, reaching $0.98. 26,600 shares of the stock were exchanged, compared to its average volume of 71,676. Clearsign Combustion has a 1-year low of $0.75 and a 1-year high of $1.80. The business’s fifty day simple moving average is $1.09 and its 200 day simple moving average is $1.12. The company has a quick ratio of 8.45, a current ratio of 7.26 and a debt-to-equity ratio of 0.04.

An institutional investor recently raised its position in Clearsign Combustion stock. Vanguard Group Inc. increased its position in shares of Clearsign Combustion Corp (NASDAQ:CLIR) by 62.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 579,828 shares of the technology company’s stock after acquiring an additional 222,200 shares during the quarter. Vanguard Group Inc. owned approximately 1.99% of Clearsign Combustion worth $667,000 as of its most recent filing with the SEC. 12.34% of the stock is currently owned by institutional investors.

Clearsign Combustion Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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