ClearSign Technologies (NASDAQ:CLIR) Share Price Crosses Below 200 Day Moving Average of $1.23

Shares of ClearSign Technologies Co. (NASDAQ:CLIRGet Rating) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.23 and traded as low as $1.14. ClearSign Technologies shares last traded at $1.23, with a volume of 38,567 shares traded.

Analyst Ratings Changes

Separately, StockNews.com started coverage on ClearSign Technologies in a research report on Saturday. They issued a “sell” rating on the stock.

ClearSign Technologies Trading Up 4.2 %

The business has a 50-day simple moving average of $1.08 and a 200 day simple moving average of $1.23. The stock has a market cap of $46.68 million, a P/E ratio of -5.86 and a beta of 0.90.

ClearSign Technologies (NASDAQ:CLIRGet Rating) last released its quarterly earnings results on Thursday, September 1st. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). During the same quarter in the previous year, the company posted ($0.07) earnings per share. As a group, equities analysts expect that ClearSign Technologies Co. will post -0.16 earnings per share for the current year.

Insider Buying and Selling at ClearSign Technologies

In other ClearSign Technologies news, Director Robert Thurston Sr Hoffman, Sr. bought 1,591,594 shares of the business’s stock in a transaction that occurred on Friday, July 8th. The shares were bought at an average price of $1.11 per share, for a total transaction of $1,766,669.34. Following the transaction, the director now directly owns 7,583,234 shares in the company, valued at $8,417,389.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other ClearSign Technologies news, Director Robert Thurston Sr Hoffman, Sr. bought 1,591,594 shares of the business’s stock in a transaction that occurred on Friday, July 8th. The shares were bought at an average price of $1.11 per share, for a total transaction of $1,766,669.34. Following the transaction, the director now directly owns 7,583,234 shares in the company, valued at $8,417,389.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce Alan Pate bought 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 14th. The shares were acquired at an average price of $1.12 per share, for a total transaction of $50,400.00. Following the transaction, the director now owns 150,000 shares in the company, valued at $168,000. The disclosure for this purchase can be found here. Corporate insiders own 25.10% of the company’s stock.

Institutional Investors Weigh In On ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Bank of Montreal Can increased its position in shares of ClearSign Technologies Co. (NASDAQ:CLIRGet Rating) by 49.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,400 shares of the technology company’s stock after buying an additional 17,600 shares during the quarter. Bank of Montreal Can owned about 0.17% of ClearSign Technologies worth $91,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 8.42% of the company’s stock.

ClearSign Technologies Company Profile

(Get Rating)

ClearSign Technologies Corporation designs and develops products and technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.

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