ClearSign Technologies (NASDAQ:CLIR) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

ClearSign Technologies Corporation (NASDAQ:CLIR) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.68 and traded as low as $0.6012. ClearSign Technologies shares last traded at $0.6088, with a volume of 70,258 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ClearSign Technologies in a research report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ClearSign Technologies currently has an average rating of “Hold” and an average target price of $2.00.

ClearSign Technologies Price Performance

The stock has a market cap of $32.43 million, a PE ratio of -5.07 and a beta of 1.20. The business has a fifty day moving average of $0.77 and a 200-day moving average of $0.68.

ClearSign Technologies (NASDAQ:CLIR) last released its quarterly earnings data on Friday, November 14th. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. ClearSign Technologies had a negative return on equity of 56.07% and a negative net margin of 294.89%.The company had revenue of $1.03 million for the quarter, compared to the consensus estimate of $1.43 million. As a group, equities research analysts predict that ClearSign Technologies Corporation will post -0.13 EPS for the current year.

Institutional Trading of ClearSign Technologies

Hedge funds have recently added to or reduced their stakes in the business. Integrity Alliance LLC. bought a new position in ClearSign Technologies during the 1st quarter worth about $30,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of ClearSign Technologies by 895.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock worth $40,000 after purchasing an additional 64,523 shares during the period. Finally, Beacon Pointe Advisors LLC bought a new position in shares of ClearSign Technologies during the second quarter valued at approximately $145,000. 24.03% of the stock is owned by hedge funds and other institutional investors.

ClearSign Technologies Company Profile

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.