ClearSign Technologies (NASDAQ:CLIR) Shares Pass Below 200-Day Moving Average – Should You Sell?

Shares of ClearSign Technologies Corporation (NASDAQ:CLIR) passed 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 traded.

Analyst Ratings Changes

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

ClearSign Technologies Stock Performance

The firm has a fifty day moving average price of $6.01 and a 200 day moving average price of $6.95. The company has a market cap of $19.35 million, a price-to-earnings ratio of -3.01 and a beta of 1.26.

Institutional Investors Weigh In On ClearSign Technologies

Several hedge funds have recently bought and sold shares of CLIR. Americana Partners LLC increased its position in ClearSign Technologies by 83.3% during the fourth quarter. Americana Partners LLC now owns 55,000 shares of the technology company’s stock worth $31,000 after buying an additional 25,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of ClearSign Technologies by 895.3% during the 2nd 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. Renaissance Technologies LLC boosted its stake in shares of 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 period. Rockefeller Capital Management L.P. increased its holdings 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 during the last quarter. Finally, Beacon Pointe Advisors LLC bought a new stake in ClearSign Technologies in the 2nd quarter valued at $145,000. 24.03% of the stock is currently owned by institutional investors and hedge funds.

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.