ClearSign Technologies Stock Scheduled to Reverse Split on Monday, March 16th (NASDAQ:CLIR)

Shares of ClearSign Technologies Corporation (NASDAQ:CLIR) are scheduled to reverse split before the market opens on Monday, March 16th. The 1-10 reverse split was announced on Tuesday, March 10th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 13th.

ClearSign Technologies Stock Down 21.6%

Shares of CLIR opened at $0.45 on Thursday. The company has a market cap of $23.99 million, a price-to-earnings ratio of -3.73 and a beta of 1.26. ClearSign Technologies has a twelve month low of $0.44 and a twelve month high of $1.12. The company has a 50 day moving average of $0.63 and a two-hundred day moving average of $0.70.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ClearSign Technologies in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $2.00.

Hedge Funds Weigh In On ClearSign Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Americana Partners LLC boosted its stake in ClearSign Technologies by 83.3% in the 4th quarter. Americana Partners LLC now owns 55,000 shares of the technology company’s stock worth $31,000 after purchasing an additional 25,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in ClearSign Technologies by 895.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock valued at $40,000 after purchasing an additional 64,523 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of ClearSign Technologies by 89.6% in the fourth quarter. Renaissance Technologies LLC now owns 77,800 shares of the technology company’s stock worth $43,000 after buying an additional 36,769 shares during the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new position in shares of ClearSign Technologies in the second quarter worth $145,000. 24.03% of the stock is owned by hedge funds and other institutional investors.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation is a clean energy technology company specializing in advanced combustion solutions that significantly reduce emissions of nitrogen oxides (NOx), carbon monoxide (CO), and greenhouse gases from industrial and power generation sources. Established in 2010 and based in Santa Rosa, California, ClearSign has developed proprietary burner and sensing platforms designed to enhance fuel efficiency and environmental performance for gas turbines, furnaces, boilers, and incineration units.

The company’s core offerings center around two technology platforms: the XCL™ ultra-low NOx combustion system and the SGM™ (Syngas & Gas Measurement) sensor suite.