ClearOne Inc. (CLRO) Trading 3.3% Higher
ClearOne Inc. (NASDAQ:CLRO) shares traded up 3.3% during trading on Friday . The stock traded as high as $11.95 and last traded at $11.68, with a volume of 69,489 shares. The stock had previously closed at $11.31.
Several brokerages have commented on CLRO. B. Riley reissued a “buy” rating and issued a $14.00 price target on shares of ClearOne in a report on Monday, May 9th. Zacks Investment Research raised shares of ClearOne from a “sell” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, May 11th.
The stock has a 50 day moving average price of $11.25 and a 200-day moving average price of $11.41. The company has a market capitalization of $108.08 million and a P/E ratio of 16.22.
ClearOne (NASDAQ:CLRO) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. The firm earned $13 million during the quarter, compared to analysts’ expectations of $12.82 million. On average, analysts predict that ClearOne Inc. will post $0.83 earnings per share for the current fiscal year.
An institutional investor recently raised its position in ClearOne stock. LSV Asset Management boosted its position in ClearOne Inc. (NASDAQ:CLRO) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,217 shares of the company’s stock after buying an additional 450 shares during the period. LSV Asset Management owned approximately 1.29% of ClearOne worth $1,528,000 as of its most recent SEC filing.
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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