ClearOne (NASDAQ:CLRO) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

ClearOne, Inc. (NASDAQ:CLRO)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.36 and traded as high as $6.15. ClearOne shares last traded at $5.26, with a volume of 20,552 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of ClearOne in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

ClearOne Stock Down 16.5%

The stock has a market capitalization of $11.78 million, a PE ratio of -0.75 and a beta of -0.05. The stock has a fifty day moving average of $6.03 and a 200-day moving average of $5.36.

ClearOne (NASDAQ:CLRO) last posted its quarterly earnings results on Friday, November 14th. The communications equipment provider reported ($0.50) earnings per share (EPS) for the quarter. ClearOne had a negative net margin of 120.46% and a negative return on equity of 73.47%.

Insiders Place Their Bets

In related news, major shareholder Edward D. Bagley sold 700,000 shares of ClearOne stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $3.00, for a total value of $2,100,000.00. Following the completion of the transaction, the insider owned 140,668 shares in the company, valued at $422,004. The trade was a 83.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ClearOne

A hedge fund recently raised its stake in ClearOne stock. DRW Securities LLC lifted its position in shares of ClearOne, Inc. (NASDAQ:CLRO) by 53.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,064 shares of the communications equipment provider’s stock after purchasing an additional 10,452 shares during the period. DRW Securities LLC owned about 1.34% of ClearOne worth $153,000 at the end of the most recent reporting period. 9.58% of the stock is currently owned by institutional investors and hedge funds.

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.