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.

TRADEMARK VIOLATION WARNING: “TheStreet Downgrades ClearOne, Inc. (CLRO) to D+” was originally published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The correct version of this report can be read at https://www.themarketsdaily.com/2017/11/14/thestreet-downgrades-clearone-inc-clro-to-d.html.

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.

Receive News & Ratings for ClearOne Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ClearOne Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply