Clearsign Combustion (NASDAQ:CLIR) Trading 16.5% Higher
Clearsign Combustion Corp (NASDAQ:CLIR)’s stock price traded up 16.5% during mid-day trading on Friday . The company traded as high as $1.34 and last traded at $1.34, 123,891 shares were traded during trading. An increase of 118% from the average session volume of 56,922 shares. The stock had previously closed at $1.15.
The business has a fifty day moving average of $1.24 and a 200-day moving average of $1.05. The company has a current ratio of 8.45, a quick ratio of 8.45 and a debt-to-equity ratio of 0.01.
A number of large investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV purchased a new position in Clearsign Combustion in the 1st quarter worth about $82,000. STA Wealth Management LLC increased its stake in 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 purchasing an additional 16,495 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in 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 purchasing an additional 222,200 shares in the last quarter. 10.50% of the stock is currently owned by hedge funds and other institutional investors.
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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