ClearOne Inc. (CLRO) Shares Up 3.3%
ClearOne Inc. (NASDAQ:CLRO)’s share price shot up 3.3% on Friday . The stock traded as high as $11.95 and last traded at $11.68, with a volume of 69,489 shares traded. The stock had previously closed at $11.31.
Several brokerages recently weighed in on CLRO. B. Riley reiterated a “buy” rating and issued a $14.00 price target on shares of ClearOne in a report on Monday, May 9th. Zacks Investment Research downgraded shares of ClearOne from a “buy” rating to a “hold” rating in a report on Monday, July 11th.
The firm has a market cap of $108.08 million and a P/E ratio of 16.22. The firm has a 50-day moving average of $11.25 and a 200 day moving average of $11.41.
ClearOne (NASDAQ:CLRO) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. The company had revenue of $13 million for the quarter, compared to analyst estimates of $12.82 million. Analysts expect that ClearOne Inc. will post $0.83 earnings per share for the current year.
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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