ClearOne (NASDAQ:CLRO) Stock Breaks Below 200 Day Moving Average – Should You Sell?

ClearOne, Inc. (NASDAQ:CLRO) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $4.71 and traded as low as $3.30. ClearOne shares last traded at $3.41, with a volume of 2,768,422 shares.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CLRO shares. Wall Street Zen raised ClearOne to a “sell” rating in a research report on Saturday, September 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ClearOne in a research report on Thursday, August 27th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

ClearOne Stock Performance

The stock has a fifty day moving average of $4.34 and a 200 day moving average of $4.71. The company has a market capitalization of $9.14 million, a P/E ratio of -2.97 and a beta of 0.10.

ClearOne (NASDAQ:CLRO) last released its quarterly earnings results on Friday, August 14th. The communications equipment provider reported ($0.34) earnings per share (EPS) for the quarter.

ClearOne Company Profile

ClearOne, Inc develops and sells audio and visual communications solutions for conferencing, collaboration, streaming and other professional communication applications. Its products are designed for businesses, educational institutions, government organizations and other organizations that need to support in-person, remote and hybrid interactions.

The company’s product portfolio includes conference microphones, speakers, audio processors, mixers, video conferencing equipment, collaboration systems and related software.