603,149 Shares in ClearSign Technologies Co. (NASDAQ:CLIR) Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC purchased a new position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 603,149 shares of the technology company’s stock, valued at approximately $452,000.

A number of other large investors have also bought and sold shares of the business. Citadel Advisors LLC bought a new position in ClearSign Technologies in the 4th quarter valued at $49,000. Raymond James Financial Inc. bought a new position in ClearSign Technologies in the 4th quarter valued at $75,000. Renaissance Technologies LLC bought a new position in ClearSign Technologies in the 4th quarter valued at $84,000. Northern Trust Corp boosted its position in ClearSign Technologies by 23.8% in the 4th quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock valued at $109,000 after buying an additional 14,521 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in ClearSign Technologies by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 536,995 shares of the technology company’s stock valued at $773,000 after buying an additional 15,766 shares during the last quarter. 24.03% of the stock is currently owned by institutional investors.

ClearSign Technologies Stock Down 0.1%

CLIR stock opened at $0.60 on Friday. The business’s fifty day moving average is $0.60 and its 200-day moving average is $0.88. The company has a market cap of $31.46 million, a P/E ratio of -5.46 and a beta of 1.31. ClearSign Technologies Co. has a twelve month low of $0.46 and a twelve month high of $1.72.

ClearSign Technologies (NASDAQ:CLIR) last posted its quarterly earnings results on Wednesday, April 2nd. The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $0.60 million for the quarter, compared to the consensus estimate of $1.55 million. ClearSign Technologies had a negative return on equity of 50.44% and a negative net margin of 118.93%. Research analysts anticipate that ClearSign Technologies Co. will post -0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CLIR shares. HC Wainwright decreased their price objective on ClearSign Technologies from $6.00 to $2.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Wall Street Zen started coverage on ClearSign Technologies in a research report on Wednesday, May 21st. They issued a “sell” rating on the stock.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation designs and develops products and technologies to enhance emission and operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong.