ClearSign Technologies (NASDAQ:CLIR) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

ClearSign Technologies Co. (NASDAQ:CLIR)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.01 and traded as high as $1.28. ClearSign Technologies shares last traded at $1.22, with a volume of 221,674 shares changing hands.

Analysts Set New Price Targets

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

ClearSign Technologies Stock Up 9.9 %

The firm has a market capitalization of $61.29 million, a P/E ratio of -11.09 and a beta of 1.14. The business’s 50 day moving average is $1.01 and its two-hundred day moving average is $0.87.

Institutional Trading of ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Geode Capital Management LLC grew its position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 521,229 shares of the technology company’s stock after purchasing an additional 136,639 shares during the quarter. Geode Capital Management LLC owned 1.04% of ClearSign Technologies worth $443,000 as of its most recent filing with the SEC. 24.03% of the stock is currently owned by hedge funds and other institutional investors.

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.