ClearOne (NASDAQ:CLRO) Stock Rating Upgraded by Wall Street Zen

ClearOne (NASDAQ:CLRO) was upgraded by equities researchers at Wall Street Zen to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ClearOne in a research report on Thursday, August 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

ClearOne Stock Performance

ClearOne stock opened at $5.09 on Friday. The stock has a market cap of $13.64 million, a PE ratio of -4.43 and a beta of 0.16. The stock has a 50-day moving average of $6.13 and a two-hundred day moving average of $4.56. ClearOne has a one year low of $2.71 and a one year high of $16.50.

ClearOne (NASDAQ:CLRO) last issued its quarterly earnings results on Friday, August 14th. The communications equipment provider reported ($0.34) earnings per share for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its position in ClearOne stock. DRW Securities LLC increased its position in shares of ClearOne, Inc. (NASDAQ:CLRO) by 53.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,064 shares of the communications equipment provider’s stock after purchasing an additional 10,452 shares during the quarter. DRW Securities LLC owned 1.34% of ClearOne worth $153,000 as of its most recent SEC filing. 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.