Clearsign Combustion (NASDAQ:CLIR) Shares Up 10.6%

Clearsign Combustion Corp (NASDAQ:CLIR)’s share price rose 10.6% during trading on Thursday . The stock traded as high as $2.53 and last traded at $2.50. Approximately 192,040 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 1,772,148 shares. The stock had previously closed at $2.26.

Separately, ValuEngine upgraded shares of Clearsign Combustion from a “sell” rating to a “hold” rating in a research report on Monday, August 3rd.

The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $66.26 million, a price-to-earnings ratio of -9.23 and a beta of 0.80. The company has a fifty day moving average price of $2.29 and a two-hundred day moving average price of $1.51.

A number of large investors have recently modified their holdings of the stock. Two Sigma Securities LLC acquired a new position in Clearsign Combustion in the second quarter valued at $90,000. Baird Financial Group Inc. increased its position in Clearsign Combustion by 38.5% in the 2nd quarter. Baird Financial Group Inc. now owns 54,000 shares of the technology company’s stock valued at $41,000 after acquiring an additional 15,000 shares during the period. Blue Chip Wealth Management Inc. acquired a new stake in Clearsign Combustion during the 2nd quarter worth approximately $52,000. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of Clearsign Combustion in the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 8.17% of the company’s stock.

About Clearsign Combustion (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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