TheStreet Downgrades ClearOne, Inc. (CLRO) to D+

ClearOne, Inc. (NASDAQ:CLRO) was downgraded by equities research analysts at TheStreet from a “c-” rating to a “d+” rating in a research note issued on Friday.

Several other analysts have also recently weighed in on the company. B. Riley reissued a “buy” rating and set a $8.50 price objective on shares of ClearOne in a report on Thursday, November 9th. ValuEngine raised ClearOne from a “sell” rating to a “hold” rating in a report on Friday, September 1st.

Shares of ClearOne (NASDAQ CLRO) traded up $0.10 during trading hours on Friday, reaching $6.80. The company’s stock had a trading volume of 8,600 shares, compared to its average volume of 9,972. The company has a market cap of $56.50, a PE ratio of 223.33 and a beta of 1.36. ClearOne has a 12-month low of $6.70 and a 12-month high of $12.60.

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In other news, major shareholder Edward D. Bagley acquired 10,000 shares of the company’s stock in a transaction on Friday, August 18th. The stock was purchased at an average cost of $7.68 per share, with a total value of $76,800.00. Following the acquisition, the insider now owns 1,870,914 shares of the company’s stock, valued at approximately $14,368,619.52. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Edward D. Bagley bought 15,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were bought at an average price of $7.65 per share, with a total value of $114,750.00. Following the completion of the transaction, the insider now directly owns 1,900,518 shares in the company, valued at approximately $14,538,962.70. The disclosure for this purchase can be found here. Insiders have acquired a total of 194,912 shares of company stock valued at $1,444,630 over the last three months. Company insiders own 9.45% of the company’s stock.

About ClearOne

ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.

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