ClearOne, Inc. (NASDAQ:CLRO – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded ClearOne from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Check Out Our Latest Research Report on CLRO
ClearOne Trading Down 6.9%
Hedge Funds Weigh In On ClearOne
An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC lifted its position in shares of ClearOne, Inc. (NASDAQ:CLRO – Free Report) by 53.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 30,064 shares of the communications equipment provider’s stock after acquiring an additional 10,452 shares during the quarter. DRW Securities LLC owned approximately 1.34% of ClearOne worth $153,000 at the end of the most recent quarter. Institutional investors own 9.58% 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.
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