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

ClearSign Technologies Co. (NASDAQ:CLIR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.97 and traded as low as $0.79. ClearSign Technologies shares last traded at $0.80, with a volume of 103,479 shares trading hands.

Analysts Set New Price Targets

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

ClearSign Technologies Stock Performance

The stock has a 50 day simple moving average of $1.17 and a two-hundred day simple moving average of $0.97. The firm has a market cap of $40.18 million, a PE ratio of -7.27 and a beta of 1.13.

Institutional Investors Weigh In On ClearSign Technologies

A number of institutional investors have recently modified their holdings of CLIR. Americana Partners LLC acquired a new stake in shares of ClearSign Technologies during the 3rd quarter valued at about $25,000. Geode Capital Management LLC grew its position in shares of ClearSign Technologies by 35.5% during the 3rd quarter. Geode Capital Management LLC now owns 521,229 shares of the technology company’s stock valued at $443,000 after acquiring an additional 136,639 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of ClearSign Technologies during the 4th quarter valued at about $75,000. Renaissance Technologies LLC acquired a new stake in shares of ClearSign Technologies during the 4th quarter valued at about $84,000. Finally, Northern Trust Corp grew its position in shares of ClearSign Technologies by 23.8% during the 4th quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock valued at $109,000 after acquiring an additional 14,521 shares during the period. 24.03% of the stock is currently owned by institutional investors and hedge funds.

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.