ClearSign Technologies (NASDAQ:CLIR) Stock Crosses Below 200-Day Moving Average – Here’s Why

ClearSign Technologies Corporation (NASDAQ:CLIR) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.70 and traded as low as $0.5925. ClearSign Technologies shares last traded at $0.6140, with a volume of 123,591 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ClearSign Technologies in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company 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 $33.67 million, a PE ratio of -5.23 and a beta of 1.28. The business has a 50 day moving average price of $0.64 and a two-hundred day moving average price of $0.70.

Institutional Trading of ClearSign Technologies

Several large investors have recently modified their holdings of CLIR. Beacon Pointe Advisors LLC bought a new position in ClearSign Technologies during the 2nd quarter valued at approximately $145,000. Renaissance Technologies LLC raised its holdings in shares of ClearSign Technologies by 89.6% during the fourth quarter. Renaissance Technologies LLC now owns 77,800 shares of the technology company’s stock valued at $43,000 after acquiring an additional 36,769 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in ClearSign Technologies by 895.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock worth $40,000 after acquiring an additional 64,523 shares during the period. Finally, Americana Partners LLC boosted its holdings in ClearSign Technologies by 83.3% in the fourth 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. 24.03% of the stock is owned by institutional investors.

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.