ClearOne, Inc. (NASDAQ:CLRO – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.58 and traded as high as $5.21. ClearOne shares last traded at $5.10, with a volume of 11,810 shares trading hands.
Analyst Ratings Changes
Separately, 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 presently has an average rating of “Sell”.
Get Our Latest Analysis on ClearOne
ClearOne Stock Up 1.0%
ClearOne (NASDAQ:CLRO – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The communications equipment provider reported ($0.34) earnings per share for the quarter.
Institutional Trading of ClearOne
A hedge fund recently raised its stake in ClearOne stock. DRW Securities LLC raised its stake in ClearOne, Inc. (NASDAQ:CLRO – Free Report) by 53.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 1.34% of ClearOne worth $153,000 as of its most recent SEC filing. 9.58% of the stock is currently owned by hedge funds and other institutional investors.
About ClearOne
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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