ClearSign Technologies (NASDAQ:CLIR) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Shares of ClearSign Technologies Co. (NASDAQ:CLIR) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.01 and traded as high as $1.28. ClearSign Technologies shares last traded at $1.22, with a volume of 221,674 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on ClearSign Technologies in a research note on Saturday. They set a “sell” rating on the stock.

ClearSign Technologies Stock Performance

The company has a market cap of $61.29 million, a P/E ratio of -11.09 and a beta of 1.14. The business’s 50-day moving average price is $1.02 and its 200 day moving average price is $0.87.

Hedge Funds Weigh In On ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Geode Capital Management LLC grew its holdings in ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 521,229 shares of the technology company’s stock after buying an additional 136,639 shares during the period. Geode Capital Management LLC owned 1.04% of ClearSign Technologies worth $443,000 at the end of the most recent quarter. 24.03% of the stock is owned by institutional investors and hedge funds.

About ClearSign Technologies

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.