ClearSign Technologies (NASDAQ:CLIR) Stock Price Passes Below 200-Day Moving Average of $1.03

ClearSign Technologies Co. (NASDAQ:CLIR) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.03 and traded as low as $0.79. ClearSign Technologies shares last traded at $0.80, with a volume of 30,006 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com initiated coverage on shares of ClearSign Technologies in a research note on Friday. They issued a “sell” rating on the stock. HC Wainwright restated a “buy” rating and set a $6.00 price target on shares of ClearSign Technologies in a research note on Wednesday, April 24th.

ClearSign Technologies Price Performance

The company’s 50 day simple moving average is $0.96 and its 200 day simple moving average is $1.03. The firm has a market cap of $36.73 million, a price-to-earnings ratio of -6.15 and a beta of 1.07.

ClearSign Technologies (NASDAQ:CLIR) last released its quarterly earnings data on Monday, April 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter. ClearSign Technologies had a negative return on equity of 77.28% and a negative net margin of 216.15%. The business had revenue of $1.27 million for the quarter. As a group, analysts forecast that ClearSign Technologies Co. will post -0.11 earnings per share for the current year.

Institutional Trading of ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Disciplined Investments LLC increased its stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,016 shares of the technology company’s stock after acquiring an additional 33,152 shares during the quarter. Disciplined Investments LLC owned about 0.12% of ClearSign Technologies worth $46,000 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 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 Burner technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.