ClearOne (NASDAQ:CLRO) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s Why

ClearOne, Inc. (NASDAQ:CLRO)’s share price 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 Analyst Weigh In

A number of analysts have commented on CLRO shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of ClearOne in a research report on Thursday, August 27th. Wall Street Zen upgraded ClearOne to a “sell” rating in a research report on Saturday, September 5th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

ClearOne Stock Performance

The business’s 50 day simple moving average is $4.21 and its 200 day simple moving average is $4.63.

ClearOne (NASDAQ:CLRO) last released its quarterly earnings data on Tuesday, November 10th. The communications equipment provider reported ($0.30) earnings per share for the quarter.

About ClearOne

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.