ClearOne (NASDAQ:CLRO) Stock Breaks Below 200 Day Moving Average – Time to Sell?

Shares of ClearOne, Inc. (NASDAQ:CLRO) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $4.71 and traded as low as $3.30. ClearOne shares last traded at $3.41, with a volume of 2,768,422 shares trading hands.

Analyst Ratings Changes

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

ClearOne Stock Performance

The firm has a 50-day moving average of $4.34 and a 200-day moving average of $4.71. The firm has a market capitalization of $9.14 million, a P/E ratio of -2.97 and a beta of 0.10.

ClearOne (NASDAQ:CLRO) last posted its quarterly earnings data 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.