ClearOne, Inc. (NASDAQ:CLRO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “ClearOne, Inc. operates as a provider of audio visual communications. The Company design, develop and sell conferencing, collaboration, streaming and digital signage solutions for audio, video and data multimedia communication. Its product include video conferencing, professional audio, unified communication, digital signage, microphones, enterprise streaming, residential streaming and media carts. ClearOne, Inc., formerly known as ClearOne Communications, Inc., is based in Salt Lake City, Utah. “
A number of other equities research analysts also recently commented on CLRO. B. Riley reiterated a “buy” rating and issued a $12.50 price objective on shares of ClearOne in a report on Wednesday, November 9th. TheStreet upgraded ClearOne from a “hold” rating to a “buy” rating in a report on Tuesday, November 29th.
Shares of ClearOne (NASDAQ:CLRO) traded up 0.40% during midday trading on Tuesday, hitting $12.50. The stock had a trading volume of 9,320 shares. ClearOne has a one year low of $9.51 and a one year high of $12.50. The firm’s 50-day moving average is $11.07 and its 200 day moving average is $11.09. The company has a market capitalization of $110.94 million, a PE ratio of 23.11 and a beta of 1.25.
ClearOne (NASDAQ:CLRO) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The business earned $12.90 million during the quarter, compared to the consensus estimate of $13.76 million. ClearOne had a return on equity of 8.54% and a net margin of 9.78%. Equities analysts expect that ClearOne will post $0.73 earnings per share for the current fiscal year.
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Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of ClearOne by 0.4% in the second quarter. Vanguard Group Inc. now owns 137,333 shares of the company’s stock valued at $1,538,000 after buying an additional 503 shares during the period. Northern Trust Corp increased its position in ClearOne by 1.9% in the third quarter. Northern Trust Corp now owns 10,591 shares of the company’s stock worth $119,000 after buying an additional 202 shares during the last quarter. Finally, Morgan Stanley increased its position in ClearOne by 373.8% in the third quarter. Morgan Stanley now owns 9,475 shares of the company’s stock worth $106,000 after buying an additional 7,475 shares during the last quarter. Institutional investors own 19.31% of the company’s stock.
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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