ClearOne (NASDAQ:CLRO – Get Free Report) issued its earnings results on Tuesday. The communications equipment provider reported ($0.30) EPS for the quarter, Zacks reports.
ClearOne Trading Down 9.6%
NASDAQ CLRO traded down $0.44 during trading hours on Tuesday, reaching $4.16. The company had a trading volume of 158,443 shares, compared to its average volume of 2,494,381. The stock has a market capitalization of $11.15 million, a P/E ratio of -3.62 and a beta of 0.36. The stock has a 50-day moving average of $4.26 and a 200 day moving average of $4.66. ClearOne has a 1-year low of $1.62 and a 1-year high of $16.50.
Analyst Ratings Changes
CLRO has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of ClearOne in a research note on Thursday, August 27th. Wall Street Zen upgraded ClearOne to a “sell” rating in a research report on Saturday, September 5th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.
Get Our Latest Analysis on ClearOne
About ClearOne
ClearOne, Inc. develops and sells audio and visual communications solutions for conferencing, collaboration, streaming and other professional communication applications. Its products are designed for businesses, educational institutions, government organizations and other organizations that need to support in-person, remote and hybrid interactions. The company’s product portfolio includes conference microphones, speakers, audio processors, mixers, video conferencing equipment, collaboration systems and related software.
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