ClearOne (NASDAQ:CLRO) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

ClearOne, Inc. (NASDAQ:CLROGet Free Report)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.72 and traded as high as $7.60. ClearOne shares last traded at $7.37, with a volume of 67,059 shares.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of ClearOne from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Research Report on CLRO

ClearOne Stock Up 1.0%

The company has a 50-day moving average price of $4.54 and a 200-day moving average price of $4.72. The firm has a market capitalization of $19.75 million, a price-to-earnings ratio of -2.15 and a beta of 0.13.

Institutional Trading of ClearOne

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC grew its holdings in shares of ClearOne, Inc. (NASDAQ:CLROFree Report) by 53.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,064 shares of the communications equipment provider’s stock after acquiring an additional 10,452 shares during the quarter. DRW Securities LLC owned about 1.34% of ClearOne worth $153,000 as of its most recent SEC filing. Institutional investors own 9.58% of the company’s stock.

About ClearOne

(Get Free Report)

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.

Further Reading

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