ClearSign Technologies (NASDAQ:CLIR) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

ClearSign Technologies Co. (NASDAQ:CLIR)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.99 and traded as low as $0.76. ClearSign Technologies shares last traded at $0.76, with a volume of 31,688 shares trading hands.

Analyst Ratings Changes

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

ClearSign Technologies Stock Down 0.4 %

The stock has a fifty day moving average of $0.99 and a 200-day moving average of $0.99. The stock has a market capitalization of $38.32 million, a PE ratio of -6.94 and a beta of 1.04.

Institutional Trading of ClearSign Technologies

A number of large investors have recently bought and sold shares of CLIR. Northern Trust Corp increased its position in shares of ClearSign Technologies by 23.8% in the fourth quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock valued at $109,000 after buying an additional 14,521 shares in the last quarter. Geode Capital Management LLC boosted its position in ClearSign Technologies by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 536,995 shares of the technology company’s stock worth $773,000 after purchasing an additional 15,766 shares during the period. Citadel Advisors LLC purchased a new position in shares of ClearSign Technologies in the fourth quarter valued at $49,000. Raymond James Financial Inc. acquired a new stake in ClearSign Technologies during the 4th quarter valued at approximately $75,000. Finally, Renaissance Technologies LLC bought a new position in ClearSign Technologies during the 4th quarter valued at $84,000. Institutional investors and hedge funds 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.