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

ClearOne, Inc. (NASDAQ:CLRO)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.50 and traded as high as $6.86. ClearOne shares last traded at $6.6150, with a volume of 3,916 shares traded.

Wall Street Analysts Forecast Growth

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

ClearOne Trading Down 3.6%

The firm has a market cap of $14.82 million, a P/E ratio of -0.95 and a beta of -0.09. The business’s 50-day moving average is $5.44 and its two-hundred day moving average is $5.50.

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

Insider Transactions at ClearOne

In related news, major shareholder Edward D. Bagley sold 700,000 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $3.00, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.35% of the stock is owned by corporate insiders.

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.