Zacks: ClearOne, Inc. (CLRO) Receives Consensus Rating of “Strong Buy” from Brokerages
Shares of ClearOne, Inc. (NASDAQ:CLRO) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus target price of $8.50 for the company and are anticipating that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given ClearOne an industry rank of 70 out of 265 based on the ratings given to related companies.
CLRO has been the topic of a number of research analyst reports. ValuEngine raised ClearOne from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. B. Riley reissued a “buy” rating and issued a $8.50 target price on shares of ClearOne in a research report on Thursday, November 9th. Finally, TheStreet lowered ClearOne from a “c-” rating to a “d+” rating in a research report on Friday, November 10th.
ClearOne (NASDAQ CLRO) traded up $0.40 during midday trading on Wednesday, hitting $8.90. The stock had a trading volume of 46,000 shares, compared to its average volume of 12,859. The firm has a market capitalization of $71.52, a price-to-earnings ratio of 283.33 and a beta of 1.32. ClearOne has a 52 week low of $6.70 and a 52 week high of $12.60.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 22nd will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Tuesday, November 21st. ClearOne’s dividend payout ratio is presently -20.74%.
ClearOne Company Profile
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
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