ClearOne (NASDAQ:CLRO) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

ClearOne, Inc. (NASDAQ:CLROGet Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.72 and traded as high as $7.60. ClearOne shares last traded at $7.37, with a volume of 67,059 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of ClearOne from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Check Out Our Latest Stock Report on CLRO

ClearOne Price Performance

The company has a market capitalization of $19.75 million, a P/E ratio of -2.15 and a beta of 0.13. The company has a fifty day moving average price of $4.54 and a 200 day moving average price of $4.72.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ClearOne stock. DRW Securities LLC boosted its stake in ClearOne, Inc. (NASDAQ:CLROFree Report) by 53.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,064 shares of the communications equipment provider’s stock after buying an additional 10,452 shares during the period. DRW Securities LLC owned 1.34% of ClearOne worth $153,000 as of its most recent SEC filing. 9.58% of the stock is owned by hedge funds and other institutional investors.

About ClearOne

(Get Free Report)

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.

Further Reading

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