ClearOne (NASDAQ:CLRO) Issues Earnings Results

ClearOne (NASDAQ:CLRO) released its quarterly earnings results on Tuesday. The communications equipment provider reported ($0.30) EPS for the quarter, Zacks reports.

ClearOne Stock Down 9.6%

ClearOne stock traded down $0.44 during trading on Tuesday, reaching $4.16. The stock had a trading volume of 158,443 shares, compared to its average volume of 2,494,381. ClearOne has a 52-week low of $1.62 and a 52-week high of $16.50. The stock has a market cap of $11.15 million, a PE ratio of -3.62 and a beta of 0.36. The business has a 50 day moving average price of $4.26 and a 200 day moving average price of $4.66.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CLRO shares. Weiss Ratings restated a “sell (e+)” rating on shares of ClearOne in a report on Thursday, August 27th. Wall Street Zen raised shares of ClearOne to a “sell” rating in a research note on Saturday, September 5th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, ClearOne presently has an average rating of “Sell”.

About ClearOne

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.