ClearOne, Inc. (CLRO) Cut to D+ at TheStreet
CLRO has been the topic of several other research reports. ValuEngine upgraded ClearOne from a sell rating to a hold rating in a research note on Friday, September 1st. B. Riley restated a buy rating and issued a $8.50 target price on shares of ClearOne in a research note on Thursday, November 9th.
ClearOne (CLRO) traded up $0.10 during trading hours on Friday, hitting $6.80. The stock had a trading volume of 8,600 shares, compared to its average volume of 9,972. ClearOne has a fifty-two week low of $6.70 and a fifty-two week high of $12.60. The company has a market cap of $56.50, a PE ratio of 223.33 and a beta of 1.36.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 22nd will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.12%. The ex-dividend date is Tuesday, November 21st. ClearOne’s payout ratio is -20.74%.
In other news, major shareholder E Bryan Bagley bought 45,448 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $6.79 per share, for a total transaction of $308,591.92. Following the purchase, the insider now owns 38,602 shares of the company’s stock, valued at approximately $262,107.58. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Edward D. Bagley bought 20,664 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was purchased at an average price of $7.52 per share, for a total transaction of $155,393.28. Following the purchase, the insider now directly owns 1,962,260 shares in the company, valued at approximately $14,756,195.20. The disclosure for this purchase can be found here. Insiders acquired a total of 194,912 shares of company stock worth $1,444,630 in the last 90 days. Company insiders own 9.45% of the company’s stock.
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
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