ClearSign Technologies (NASDAQ:CLIR) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

ClearSign Technologies Corporation (NASDAQ:CLIR)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.95 and traded as low as $3.5550. ClearSign Technologies shares last traded at $3.61, with a volume of 16,520 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ClearSign Technologies in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, ClearSign Technologies presently has an average rating of “Hold” and an average price target of $20.00.

ClearSign Technologies Stock Performance

The firm’s fifty day simple moving average is $6.01 and its 200 day simple moving average is $6.95. The stock has a market capitalization of $19.35 million, a price-to-earnings ratio of -3.01 and a beta of 1.26.

Institutional Trading of ClearSign Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of ClearSign Technologies by 895.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock worth $40,000 after buying an additional 64,523 shares during the period. Beacon Pointe Advisors LLC bought a new stake in ClearSign Technologies in the 2nd quarter valued at approximately $145,000. Americana Partners LLC lifted its stake in ClearSign Technologies by 83.3% in the 4th quarter. Americana Partners LLC now owns 55,000 shares of the technology company’s stock valued at $31,000 after acquiring an additional 25,000 shares in the last quarter. Renaissance Technologies LLC boosted its position in ClearSign Technologies by 89.6% during the 4th quarter. Renaissance Technologies LLC now owns 77,800 shares of the technology company’s stock worth $43,000 after acquiring an additional 36,769 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of ClearSign Technologies by 801.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 81,209 shares of the technology company’s stock worth $45,000 after acquiring an additional 72,200 shares in the last quarter. Institutional investors and hedge funds own 24.03% of the company’s stock.

About ClearSign Technologies

ClearSign Technologies Corporation is a clean energy technology company specializing in advanced combustion solutions that significantly reduce emissions of nitrogen oxides (NOx), carbon monoxide (CO), and greenhouse gases from industrial and power generation sources. Established in 2010 and based in Santa Rosa, California, ClearSign has developed proprietary burner and sensing platforms designed to enhance fuel efficiency and environmental performance for gas turbines, furnaces, boilers, and incineration units.

The company’s core offerings center around two technology platforms: the XCL™ ultra-low NOx combustion system and the SGM™ (Syngas & Gas Measurement) sensor suite.