ClearOne (NASDAQ:CLRO) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?
by Tristan Rich · The Markets DailyShares of ClearOne, Inc. (NASDAQ:CLRO – Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.52 and traded as low as $4.11. ClearOne shares last traded at $4.46, with a volume of 16,927 shares traded.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Wall Street Zen upgraded ClearOne to a “sell” rating in a research note on Saturday, September 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ClearOne in a report on Thursday, August 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.
Read Our Latest Research Report on ClearOne
ClearOne Stock Down 1.4%
The company has a market cap of $11.31 million, a price-to-earnings ratio of -3.67 and a beta of 0.16. The business’s fifty day simple moving average is $5.46 and its two-hundred day simple moving average is $4.51.
ClearOne (NASDAQ:CLRO – Get Free Report) last issued its earnings results on Friday, August 14th. The communications equipment provider reported ($0.34) earnings per share (EPS) for the quarter.
About ClearOne
ClearOne, Inc develops and sells audio and visual communication products and collaboration solutions for professional, educational, government and other organizational environments. Its offerings are designed to support conferencing, meeting-room collaboration, classroom instruction, distance learning and unified communications.
The company’s product portfolio includes professional audio systems, microphones, loudspeakers, signal processors and conferencing systems. ClearOne also provides software and hardware for audio and video collaboration, including solutions that connect with commonly used communication and videoconferencing platforms.
Based in Salt Lake City, Utah, ClearOne serves customers in the United States and international markets through direct sales channels, distributors, resellers and other business partners.