Clearone (CLRO) Reaches New 12-Month Low at $1.60
Clearone Inc (NASDAQ:CLRO) shares reached a new 52-week low on Thursday . The stock traded as low as $1.60 and last traded at $1.60, with a volume of 2000 shares trading hands. The stock had previously closed at $1.70.
Several research analysts recently weighed in on the company. ValuEngine raised Clearone from a “hold” rating to a “buy” rating in a research report on Saturday, July 28th. Singular Research upped their price target on Clearone from $4.00 to $6.00 and gave the company a “long” rating in a research report on Thursday, August 16th. One investment analyst has rated the stock with a sell rating and two have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $6.00.
Clearone (NASDAQ:CLRO) last issued its earnings results on Thursday, August 9th. The communications equipment provider reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.03. Clearone had a negative return on equity of 9.36% and a negative net margin of 49.58%. The company had revenue of $6.97 million for the quarter.
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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