ClearOne Incoprorated (CLRO) Getting Somewhat Favorable News Coverage, Accern Reports

News coverage about ClearOne Incoprorated (NASDAQ:CLRO) has been trending somewhat positive this week, according to Accern. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ClearOne Incoprorated earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news headlines about the communications equipment provider an impact score of 44.1169420813902 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

ClearOne Incoprorated (CLRO) traded down $0.10 during trading hours on Friday, hitting $8.00. The stock had a trading volume of 1,700 shares, compared to its average volume of 3,067. The company has a market cap of $67.31, a price-to-earnings ratio of -5.88 and a beta of 1.31. ClearOne Incoprorated has a 1-year low of $6.70 and a 1-year high of $12.60.

ClearOne Incoprorated (NASDAQ:CLRO) last issued its quarterly earnings results on Wednesday, November 8th. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. ClearOne Incoprorated had a positive return on equity of 0.22% and a negative net margin of 26.92%. research analysts anticipate that ClearOne Incoprorated will post 0.09 earnings per share for the current year.

A number of brokerages recently commented on CLRO. Zacks Investment Research lowered ClearOne Incoprorated from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. ValuEngine raised ClearOne Incoprorated from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. TheStreet lowered ClearOne Incoprorated from a “c-” rating to a “d+” rating in a research note on Friday, November 10th. Finally, B. Riley reaffirmed a “buy” rating and issued a $8.50 price objective on shares of ClearOne Incoprorated in a research note on Thursday, November 9th.

In other ClearOne Incoprorated news, major shareholder E Bryan Bagley purchased 45,448 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average cost of $6.79 per share, with a total value of $308,591.92. Following the purchase, the insider now owns 38,602 shares of the company’s stock, valued at $262,107.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Larry Hendricks sold 3,235 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $9.19, for a total value of $29,729.65. Following the sale, the director now directly owns 17,448 shares of the company’s stock, valued at $160,347.12. The disclosure for this sale can be found here. Insiders have purchased a total of 345,466 shares of company stock valued at $2,408,716 over the last three months. 9.45% of the stock is owned by corporate insiders.

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ClearOne Incoprorated Company Profile

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.

Insider Buying and Selling by Quarter for ClearOne Incoprorated (NASDAQ:CLRO)

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