ClearOne (NASDAQ:CLRO) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

ClearOne, Inc. (NASDAQ:CLRO)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.66 and traded as low as $3.11. ClearOne shares last traded at $3.3280, with a volume of 7,990 shares trading hands.

Analyst Ratings Changes

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

ClearOne Trading Up 5.3%

The firm’s fifty day moving average price is $3.27 and its 200 day moving average price is $4.66. The firm has a market capitalization of $8.92 million, a PE ratio of -0.97 and a beta of 0.14.

ClearOne (NASDAQ:CLRO) last posted its quarterly earnings results on Friday, May 15th. The communications equipment provider reported ($0.18) EPS for the quarter.

Institutional Investors Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC increased its holdings in ClearOne, Inc. (NASDAQ:CLRO) by 53.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,064 shares of the communications equipment provider’s stock after purchasing an additional 10,452 shares during the period. DRW Securities LLC owned approximately 1.34% of ClearOne worth $153,000 at the end of the most recent reporting period. 9.58% of the stock is owned by institutional investors and hedge funds.

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.