ClearOne (NASDAQ:CLRO) Shares Break Below Two Hundred Day Moving Average – Here’s Why

ClearOne, Inc. (NASDAQ:CLRO) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $4.66 and traded as low as $4.50. ClearOne shares last traded at $4.60, with a volume of 328,096 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CLRO shares. Wall Street Zen raised shares of ClearOne to a “sell” rating in a research report on Saturday, September 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ClearOne in a research note on Thursday, August 27th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

ClearOne Stock Performance

The firm has a market cap of $12.33 million, a price-to-earnings ratio of -4.00 and a beta of 0.36. The firm’s 50 day moving average is $4.26 and its 200-day moving average is $4.66.

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

ClearOne Company Profile

ClearOne, Inc develops and sells audio and visual communications solutions for conferencing, collaboration, streaming and other professional communication applications. Its products are designed for businesses, educational institutions, government organizations and other organizations that need to support in-person, remote and hybrid interactions.

The company’s product portfolio includes conference microphones, speakers, audio processors, mixers, video conferencing equipment, collaboration systems and related software.