Clearsign Combustion Corp (NASDAQ:CLIR)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.08 and traded as low as $1.08. Clearsign Combustion shares last traded at $1.13, with a volume of 300 shares changing hands.
Separately, ValuEngine upgraded Clearsign Combustion from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.
The company has a current ratio of 8.45, a quick ratio of 8.45 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $1.23 and a 200 day moving average price of $1.08.
A hedge fund recently raised its stake in Clearsign Combustion stock. STA Wealth Management LLC grew its position in shares of Clearsign Combustion Corp (NASDAQ:CLIR) by 20.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,995 shares of the technology company’s stock after purchasing an additional 16,495 shares during the quarter. STA Wealth Management LLC owned approximately 0.33% of Clearsign Combustion worth $110,000 as of its most recent SEC filing. Institutional investors and hedge funds own 12.52% 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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