ClearSign Technologies (NASDAQ:CLIR) Stock Price Passes Below 200-Day Moving Average – What’s Next?

ClearSign Technologies Co. (NASDAQ:CLIR) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.97 and traded as low as $0.92. ClearSign Technologies shares last traded at $0.97, with a volume of 90,486 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of ClearSign Technologies in a research report on Friday. They set a “sell” rating for the company.

ClearSign Technologies Stock Performance

The company has a 50 day moving average of $1.19 and a two-hundred day moving average of $0.97. The stock has a market capitalization of $50.23 million, a PE ratio of -9.09 and a beta of 1.13.

Hedge Funds Weigh In On ClearSign Technologies

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in ClearSign Technologies by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 536,995 shares of the technology company’s stock worth $773,000 after purchasing an additional 15,766 shares during the last quarter. Northern Trust Corp grew its holdings in shares of ClearSign Technologies by 23.8% during the fourth 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. Renaissance Technologies LLC purchased a new stake in shares of ClearSign Technologies during the fourth quarter valued at $84,000. Raymond James Financial Inc. acquired a new position in shares of ClearSign Technologies in the 4th quarter valued at $75,000. Finally, Americana Partners LLC purchased a new position in ClearSign Technologies in the 3rd quarter worth $25,000. Institutional investors and hedge funds own 24.03% of the company’s 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.