ClearSign Technologies (NASDAQ:CLIR) Stock Passes Below 200-Day Moving Average – What’s Next?

Posted by Lisa Pomrenke on Feb 22nd, 2025

ClearSign Technologies Co. (NASDAQ:CLIR – Get Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.97 and traded as low as $0.79. ClearSign Technologies shares last traded at $0.80, with a volume of 103,479 shares changing hands.

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on ClearSign Technologies

ClearSign Technologies Trading Down 6.8 %

The company has a 50-day simple moving average of $1.17 and a 200 day simple moving average of $0.97. The company has a market cap of $40.18 million, a P/E ratio of -7.27 and a beta of 1.13.

Hedge Funds Weigh In On ClearSign Technologies

Several hedge funds have recently bought and sold shares of CLIR. Americana Partners LLC bought a new position in shares of ClearSign Technologies during the 3rd quarter worth $25,000. Citadel Advisors LLC bought a new position in shares of ClearSign Technologies during the 4th quarter worth $49,000. Raymond James Financial Inc. bought a new position in shares of ClearSign Technologies during the 4th quarter worth $75,000. Renaissance Technologies LLC bought a new position in shares of ClearSign Technologies during the 4th quarter worth $84,000. Finally, Northern Trust Corp grew its position in shares of ClearSign Technologies by 23.8% during the 4th quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock worth $109,000 after buying an additional 14,521 shares in the last quarter. Institutional investors own 24.03% of the company’s stock.

About ClearSign Technologies

(Get Free Report)

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.