Clearone (CLRO) Reaches New 12-Month Low at $2.02
Clearone Inc (NASDAQ:CLRO) reached a new 52-week low on Monday . The company traded as low as $2.02 and last traded at $2.05, with a volume of 20014 shares trading hands. The stock had previously closed at $2.15.
Several research analysts have recently commented on the company. ValuEngine upgraded Clearone from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. Singular Research lifted their price objective on Clearone from $4.00 to $6.00 and gave the stock a “long” rating in a report on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $6.00.
Clearone (NASDAQ:CLRO) last released its quarterly earnings data on Thursday, August 9th. The communications equipment provider reported ($0.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.03. The firm had revenue of $6.97 million for the quarter. Clearone had a negative return on equity of 9.36% and a negative net margin of 49.58%.
ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, streaming, and digital signage solutions for voice and visual communications in the United States and internationally. The company offers various professional audio communication products, including professional conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; and professional microphones for use in various applications.
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