ClearSign Technologies (NASDAQ:CLIR) Stock Price Crosses Below Two Hundred Day Moving Average of $1.04

Posted by AM Reporter Staff on Apr 24th, 2024

Shares of ClearSign Technologies Co. (NASDAQ:CLIR – Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.04 and traded as low as $0.82. ClearSign Technologies shares last traded at $0.87, with a volume of 127,067 shares changing hands.

Wall Street Analyst Weigh In

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

Get Our Latest Research Report on CLIR

ClearSign Technologies Stock Performance

The business has a 50 day moving average price of $1.02 and a 200-day moving average price of $1.04. The company has a market capitalization of $34.04 million, a price-to-earnings ratio of -6.71 and a beta of 1.00.

Hedge Funds Weigh In On ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Disciplined Investments LLC lifted its stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR – Free Report) by 223.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,016 shares of the technology company’s stock after acquiring an additional 33,152 shares during the period. Disciplined Investments LLC owned 0.12% of ClearSign Technologies worth $46,000 at the end of the most recent reporting period. Institutional investors own 24.03% of the company’s stock.

ClearSign Technologies Company Profile

(Get Free Report)

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.