ClearOne (NASDAQ:CLRO) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

ClearOne, Inc. (NASDAQ:CLRO) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.66 and traded as low as $3.11. ClearOne shares last traded at $3.3280, with a volume of 7,990 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of ClearOne from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

ClearOne Trading Up 5.0%

The firm has a market cap of $10.05 million, a P/E ratio of -1.10 and a beta of 0.14. The business’s fifty day moving average price is $3.26 and its two-hundred day moving average price is $4.64.

ClearOne (NASDAQ:CLRO) last released its quarterly earnings results on Friday, May 15th. The communications equipment provider reported ($0.18) earnings per share for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC boosted its position in ClearOne, Inc. (NASDAQ:CLRO) by 53.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,064 shares of the communications equipment provider’s stock after buying an additional 10,452 shares during the quarter. DRW Securities LLC owned approximately 1.34% of ClearOne worth $153,000 at the end of the most recent reporting period. 9.58% of the stock is owned by institutional investors.

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.