ClearOne Communications Inc. (CLRO) Given Average Rating of “Strong Buy” by Brokerages

ClearOne Communications Inc. (NASDAQ:CLRO) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price target of $8.50 for the company, according to Zacks. Zacks has also given ClearOne Communications an industry rank of 213 out of 265 based on the ratings given to related companies.

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Separately, Zacks Investment Research downgraded ClearOne Communications from a “hold” rating to a “sell” rating in a report on Monday, January 8th.

Shares of NASDAQ CLRO traded down $0.25 during mid-day trading on Friday, hitting $6.90. 3,349 shares of the company were exchanged, compared to its average volume of 6,234. ClearOne Communications has a 1-year low of $6.70 and a 1-year high of $11.25. The company has a market cap of $60.16, a PE ratio of 238.33 and a beta of 0.33.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Tuesday, March 6th. ClearOne Communications’s dividend payout ratio is presently 57.14%.

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About ClearOne Communications

ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, streaming, and digital signage solutions for audio/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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