Clearsign Combustion (NASDAQ:CLIR) Shares Cross Below 200 Day Moving Average of $1.12

Posted by on Dec 4th, 2019 // Comments off

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 changing hands.

Separately, ValuEngine lowered Clearsign Combustion from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

The company has a current ratio of 7.26, a quick ratio of 7.26 and a debt-to-equity ratio of 0.04. The stock has a 50-day simple moving average of $1.03 and a two-hundred day simple moving average of $1.12.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Stifel Financial Corp raised its position in shares of Clearsign Combustion by 2.8% in the 3rd quarter. Stifel Financial Corp now owns 500,846 shares of the technology company’s stock worth $619,000 after acquiring an additional 13,846 shares in the last quarter. STA Wealth Management LLC raised its position in shares of Clearsign Combustion by 20.7% in the 2nd quarter. STA Wealth Management LLC now owns 95,995 shares of the technology company’s stock worth $110,000 after acquiring an additional 16,495 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Clearsign Combustion by 62.1% in the 2nd quarter. Vanguard Group Inc. now owns 579,828 shares of the technology company’s stock worth $667,000 after acquiring an additional 222,200 shares in the last quarter. 12.59% of the stock is owned by institutional investors and hedge funds.

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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