ClearSign Technologies (NASDAQ:CLIR) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

ClearSign Technologies Co. (NASDAQ:CLIR)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.98 and traded as low as $0.75. ClearSign Technologies shares last traded at $0.78, with a volume of 50,591 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of ClearSign Technologies in a report on Tuesday. They issued a “sell” rating on the stock.

ClearSign Technologies Stock Down 3.4 %

The firm has a market cap of $38.81 million, a PE ratio of -7.02 and a beta of 1.04. The company’s fifty day moving average price is $1.03 and its two-hundred day moving average price is $0.98.

Institutional Trading of ClearSign Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in ClearSign Technologies during the fourth quarter worth about $49,000. Northern Trust Corp boosted its holdings in ClearSign Technologies by 23.8% during the fourth quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock worth $109,000 after buying an additional 14,521 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in ClearSign Technologies during the fourth quarter worth about $75,000. Renaissance Technologies LLC purchased a new stake in ClearSign Technologies during the fourth quarter worth about $84,000. Finally, Geode Capital Management LLC boosted its holdings in ClearSign Technologies by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 536,995 shares of the technology company’s stock worth $773,000 after buying an additional 15,766 shares in the last quarter. Hedge funds and other institutional investors own 24.03% of the company’s stock.

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.