ClearOne (NASDAQ:CLRO) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

ClearOne, Inc. (NASDAQ:CLRO)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.57 and traded as low as $4.78. ClearOne shares last traded at $5.2160, with a volume of 9,575 shares.

Analyst Ratings Changes

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

ClearOne Stock Up 1.3%

The company has a market cap of $11.67 million, a price-to-earnings ratio of -0.75 and a beta of -0.09. The company has a fifty day simple moving average of $5.15 and a two-hundred day simple moving average of $5.57.

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

Insider Activity

In other news, major shareholder Edward D. Bagley sold 700,000 shares of the 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 sale, the insider directly owned 140,668 shares in the company, valued at $422,004. This represents a 83.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by company insiders.

ClearOne Company Profile

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.