ClearOne, Inc. (CLRO) Cut to D+ at TheStreet

TheStreet lowered shares of ClearOne, Inc. (NASDAQ:CLRO) from a c- rating to a d+ rating in a research report released on Friday.

A number of other analysts have also recently weighed in on CLRO. B. Riley reissued a buy rating and set a $9.75 price objective on shares of ClearOne in a report on Thursday, August 10th. ValuEngine raised shares of ClearOne from a sell rating to a hold rating in a report on Friday, September 1st.

ClearOne (NASDAQ CLRO) traded up $0.10 during mid-day trading on Friday, reaching $6.80. 8,600 shares of the company’s stock were exchanged, compared to its average volume of 9,972. ClearOne has a 12 month low of $6.70 and a 12 month high of $12.60. The firm has a market capitalization of $56.50, a PE ratio of 223.33 and a beta of 1.36.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 22nd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.12%. ClearOne’s payout ratio is -20.74%.

In other ClearOne news, major shareholder Edward D. Bagley bought 12,001 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were acquired at an average cost of $7.60 per share, with a total value of $91,207.60. Following the acquisition, the insider now directly owns 2,005,377 shares of the company’s stock, valued at approximately $15,240,865.20. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder E Bryan Bagley bought 45,448 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average cost of $6.79 per share, for a total transaction of $308,591.92. Following the completion of the acquisition, the insider now directly owns 38,602 shares in the company, valued at $262,107.58. The disclosure for this purchase can be found here. Insiders bought a total of 194,912 shares of company stock worth $1,444,630 over the last ninety days. Corporate insiders own 9.45% of the company’s stock.

ClearOne Company Profile

ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.

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