ClearSign Technologies (NASDAQ:CLIR) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of ClearSign Technologies Corporation (NASDAQ:CLIR) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.70 and traded as low as $0.5820. ClearSign Technologies shares last traded at $0.6035, with a volume of 118,532 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.00.

ClearSign Technologies Stock Performance

The firm has a fifty day moving average price of $0.68 and a 200-day moving average price of $0.70. The company has a market capitalization of $32.02 million, a price-to-earnings ratio of -5.01 and a beta of 1.19.

ClearSign Technologies (NASDAQ:CLIR) last posted its earnings results on Friday, November 14th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $1.03 million during the quarter, compared to the consensus estimate of $1.43 million. ClearSign Technologies had a negative return on equity of 56.07% and a negative net margin of 294.89%. On average, sell-side analysts forecast that ClearSign Technologies Corporation will post -0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ClearSign Technologies stock. Northwestern Mutual Wealth Management Co. raised its stake in ClearSign Technologies Corporation (NASDAQ:CLIR) by 895.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 71,730 shares of the technology company’s stock after buying an additional 64,523 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.14% of ClearSign Technologies worth $40,000 as of its most recent SEC filing. Institutional investors and hedge funds own 24.03% of the company’s stock.

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.