ClearSign Technologies (NASDAQ:CLIR) Stock Price Passes Below 200-Day Moving Average of $1.05

ClearSign Technologies Co. (NASDAQ:CLIR)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.05 and traded as low as $0.75. ClearSign Technologies shares last traded at $0.89, with a volume of 146,286 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of ClearSign Technologies in a report on Tuesday. They set a “sell” rating for the company.

ClearSign Technologies Stock Performance

The firm has a fifty day simple moving average of $1.03 and a 200 day simple moving average of $1.05. The company has a market capitalization of $33.96 million, a PE ratio of -6.69 and a beta of 0.99.

Institutional Trading of ClearSign Technologies

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of ClearSign Technologies by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 1,101,164 shares of the technology company’s stock valued at $1,222,000 after purchasing an additional 26,342 shares in the last quarter. Geode Capital Management LLC raised its position in shares of ClearSign Technologies by 24.7% in the second quarter. Geode Capital Management LLC now owns 322,830 shares of the technology company’s stock worth $423,000 after acquiring an additional 63,874 shares during the period. BlackRock Inc. grew its position in shares of ClearSign Technologies by 5.4% during the 2nd quarter. BlackRock Inc. now owns 281,854 shares of the technology company’s stock valued at $369,000 after acquiring an additional 14,486 shares during the period. HighTower Advisors LLC purchased a new position in shares of ClearSign Technologies in the 3rd quarter valued at about $137,000. Finally, Bank of Montreal Can raised its holdings in ClearSign Technologies by 49.2% in the 1st quarter. Bank of Montreal Can now owns 53,400 shares of the technology company’s stock worth $91,000 after purchasing an additional 17,600 shares during the period. Hedge funds and other institutional investors own 24.03% of the company’s stock.

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.