ClearOne (NASDAQ:CLRO) Stock Breaks Below 200-Day Moving Average – Time to Sell?

ClearOne, Inc. (NASDAQ:CLRO)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $4.51 and traded as low as $4.38. ClearOne shares last traded at $4.56, with a volume of 909,915 shares trading hands.

Wall Street Analysts Forecast Growth

CLRO has been the topic of several recent research reports. Wall Street Zen upgraded shares of ClearOne to a “sell” rating in a research note on Saturday, September 5th. Weiss Ratings restated a “sell (e+)” rating on shares of ClearOne in a research note on Thursday, August 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

ClearOne Stock Performance

The company has a market cap of $13.40 million, a price-to-earnings ratio of -4.35 and a beta of 0.16. The firm has a fifty day moving average price of $5.20 and a 200 day moving average price of $4.51.

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

ClearOne Company Profile

ClearOne, Inc develops and sells audio and visual communication products and collaboration solutions for professional, educational, government and other organizational environments. Its offerings are designed to support conferencing, meeting-room collaboration, classroom instruction, distance learning and unified communications.

The company’s product portfolio includes professional audio systems, microphones, loudspeakers, signal processors and conferencing systems. ClearOne also provides software and hardware for audio and video collaboration, including solutions that connect with commonly used communication and videoconferencing platforms.

Based in Salt Lake City, Utah, ClearOne serves customers in the United States and international markets through direct sales channels, distributors, resellers and other business partners.