ClearOne (NASDAQ:CLRO) Shares Cross Above 200-Day Moving Average – Time to Sell?

ClearOne, Inc. (NASDAQ:CLRO)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.36 and traded as high as $6.15. ClearOne shares last traded at $5.26, with a volume of 20,552 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ClearOne in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

ClearOne Stock Down 16.5%

The firm has a market capitalization of $11.78 million, a price-to-earnings ratio of -0.75 and a beta of -0.05. The company has a fifty day moving average price of $6.03 and a two-hundred day moving average price of $5.36.

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

Insider Buying and Selling at ClearOne

In other news, major shareholder Edward D. Bagley sold 700,000 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $3.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the insider owned 140,668 shares in the company, valued at approximately $422,004. This represents a 83.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

Institutional Trading of ClearOne

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC boosted its stake in shares of ClearOne, Inc. (NASDAQ:CLRO) by 53.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 about 1.34% of ClearOne worth $153,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 9.58% 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.