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

ClearSign Technologies Corporation (NASDAQ:CLIR)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ClearSign Technologies in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, ClearSign Technologies has a consensus rating of “Hold” and a consensus target price of $2.00.

ClearSign Technologies Price Performance

The company has a market capitalization of $32.92 million, a price-to-earnings ratio of -5.12 and a beta of 1.27. The firm’s 50-day simple moving average is $0.64 and its two-hundred day simple moving average is $0.70.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Americana Partners LLC grew its stake in ClearSign Technologies by 83.3% in the 4th 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 during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 valued at $40,000 after purchasing an additional 64,523 shares during the last quarter. Renaissance Technologies LLC increased 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 purchasing an additional 36,769 shares in the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new position in shares of ClearSign Technologies during the 2nd quarter worth approximately $145,000. 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.