Clearone (CLRO) Sets New 1-Year Low at $1.60

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Shares of Clearone Inc (NASDAQ:CLRO) hit 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 analysts have recently weighed in on the company. ValuEngine upgraded Clearone from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. Singular Research boosted their target price on Clearone from $4.00 to $6.00 and gave the stock 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 company. Clearone presently has a consensus rating of “Hold” and an average target price of $6.00.

Clearone (NASDAQ:CLRO) last announced its earnings results on Thursday, August 9th. The communications equipment provider reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03. The company 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%.

About Clearone (NASDAQ:CLRO)

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.

Further Reading: What is the Ex-Dividend Date in Investing?

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