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

Shares of ClearOne, Inc. (NASDAQ:CLRO) 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 trading hands.

Analyst Ratings Changes

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

ClearOne Stock Performance

The firm has a market capitalization of $14.82 million, a price-to-earnings ratio of -0.95 and a beta of -0.09. The stock’s fifty day moving average is $5.44 and its two-hundred day moving average is $5.50.

ClearOne (NASDAQ:CLRO) last issued 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 at ClearOne

In related news, major shareholder Edward D. Bagley sold 700,000 shares of the stock in a transaction dated Monday, November 24th. The stock was 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 of the company’s stock, valued at approximately $422,004. This represents a 83.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

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.