ClearOne (NASDAQ:CLRO) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

ClearOne, Inc. (NASDAQ:CLRO)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.28 and traded as high as $7.00. ClearOne shares last traded at $6.43, with a volume of 12,921 shares traded.

Analysts Set New Price Targets

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

ClearOne Stock Performance

The firm has a market capitalization of $14.40 million, a PE ratio of -0.92 and a beta of -0.05. The firm’s 50 day moving average price is $5.74 and its 200-day moving average price is $5.28.

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

Insiders Place Their Bets

In other news, major shareholder Edward D. Bagley sold 700,000 shares of ClearOne stock in a transaction dated 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 owned 140,668 shares in the company, valued at $422,004. This trade represents a 83.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.35% of the company’s stock.

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.