ClearOne, Inc. (NASDAQ:CLRO – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.66 and traded as high as $5.43. ClearOne shares last traded at $5.24, with a volume of 112,454 shares traded.
Analyst Ratings Changes
Separately, Weiss Ratings lowered ClearOne from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.
Read Our Latest Research Report on ClearOne
ClearOne Trading Up 11.6%
ClearOne (NASDAQ:CLRO – Get Free Report) last announced its earnings results on Friday, August 14th. The communications equipment provider reported ($0.34) earnings per share (EPS) for the quarter.
Hedge Funds Weigh In On ClearOne
An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC raised its stake in ClearOne, Inc. (NASDAQ:CLRO – Free Report) by 53.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,064 shares of the communications equipment provider’s stock after acquiring an additional 10,452 shares during the period. DRW Securities LLC owned approximately 1.34% of ClearOne worth $153,000 at the end of the most recent quarter. 9.58% of the stock is owned by institutional investors.
ClearOne Company Profile
ClearOne (NASDAQ:CLRO) is a global provider of audio and visual communication solutions designed for conferencing, collaboration and streaming applications. Headquartered in Salt Lake City, Utah, the company develops hardware and software systems that integrate audio capture, video processing and digital signage. Its product portfolio spans professional-grade conference speakers and microphones, beamforming ceiling arrays, USB and networked video cameras, and cloud-based collaboration platforms.
At the core of ClearOne’s offering are its conferencing devices, which support both on-premises and cloud deployments.
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