ClearOne (NASDAQ:CLRO) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ClearOne in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

ClearOne Stock Performance

NASDAQ:CLRO opened at $5.09 on Friday. ClearOne has a 1 year low of $2.71 and a 1 year high of $16.50. The firm has a 50 day moving average of $6.17 and a 200-day moving average of $4.56. The stock has a market capitalization of $13.64 million, a P/E ratio of -4.43 and a beta of 0.16.

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

Institutional Trading of ClearOne

A hedge fund recently raised its stake in ClearOne stock. DRW Securities LLC raised its stake in shares of ClearOne, Inc. (NASDAQ:CLRO) by 53.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,064 shares of the communications equipment provider’s stock after buying an additional 10,452 shares during the quarter. DRW Securities LLC owned about 1.34% of ClearOne worth $153,000 at the end of the most recent reporting period. 9.58% of the stock is owned by institutional investors and hedge funds.

ClearOne Company Profile

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.