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

ClearSign Technologies Co. (NASDAQ:CLIR) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analysts Set New Price Targets

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

ClearSign Technologies Stock Performance

The firm has a market capitalization of $40.18 million, a PE ratio of -7.27 and a beta of 1.13. The company has a fifty day moving average price of $1.17 and a 200-day moving average price of $0.97.

Hedge Funds Weigh In On ClearSign Technologies

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC increased 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 purchasing an additional 136,639 shares during the last quarter. Americana Partners LLC bought a new position in shares of ClearSign Technologies during the 3rd quarter valued at approximately $25,000. Citadel Advisors LLC bought a new position in shares of ClearSign Technologies during the 4th quarter valued at approximately $49,000. Northern Trust Corp increased 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 purchasing an additional 14,521 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of ClearSign Technologies during the 4th quarter valued at approximately $75,000. 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.