ClearOne Communications (CLRO) Hits New 52-Week High and Low at $4.40

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ClearOne Communications Inc. (NASDAQ:CLRO) reached a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $4.40 and last traded at $4.75, with a volume of 235 shares changing hands. The stock had previously closed at $4.78.

A number of equities research analysts have issued reports on the company. B. Riley lowered ClearOne Communications from a “buy” rating to a “neutral” rating and reduced their price target for the company from $8.50 to $6.00 in a research report on Tuesday, May 15th. ValuEngine lowered ClearOne Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd.

ClearOne Communications (NASDAQ:CLRO) last posted its quarterly earnings results on Friday, April 20th. The communications equipment provider reported ($0.29) earnings per share (EPS) for the quarter. The company had revenue of $9.26 million during the quarter. ClearOne Communications had a negative net margin of 33.90% and a negative return on equity of 3.05%.

ClearOne Communications Company Profile

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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