ClearOne (NASDAQ:CLRO) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of ClearOne (NASDAQ:CLRO) to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ClearOne in a research report on Thursday, August 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, ClearOne has a consensus rating of “Sell”.

ClearOne Price Performance

Shares of CLRO opened at $5.09 on Friday. The stock has a market capitalization of $13.64 million, a price-to-earnings ratio of -4.43 and a beta of 0.16. ClearOne has a 1 year low of $2.71 and a 1 year high of $16.50. The business’s 50 day simple moving average is $6.13 and its 200-day simple moving average is $4.58.

ClearOne (NASDAQ:CLRO) last posted its earnings results on Friday, August 14th. The communications equipment provider reported ($0.34) earnings per share for the quarter.

Hedge Funds Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC increased its stake in shares of ClearOne, Inc. (NASDAQ:CLRO) by 53.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 30,064 shares of the communications equipment provider’s stock after purchasing an additional 10,452 shares during the quarter. DRW Securities LLC owned 1.34% of ClearOne worth $153,000 at the end of the most recent quarter. 9.58% of the stock is currently owned by institutional investors and hedge funds.

About ClearOne

ClearOne (NASDAQ:CLRO) is a global provider of audio and visual communication solutions designed for conferencing, collaboration and streaming applications. Headquartered in Salt Lake City, Utah, the company develops hardware and software systems that integrate audio capture, video processing and digital signage. Its product portfolio spans professional-grade conference speakers and microphones, beamforming ceiling arrays, USB and networked video cameras, and cloud-based collaboration platforms.

At the core of ClearOne’s offering are its conferencing devices, which support both on-premises and cloud deployments.