Shares of Clearone Inc (NASDAQ:CLRO) saw strong trading volume on Wednesday . 1,535,829 shares were traded during trading, an increase of 7,829% from the previous session’s volume of 19,369 shares.The stock last traded at $1.65 and had previously closed at $1.61.
Several analysts have recently commented on the company. ValuEngine cut Clearone from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Singular Research increased their target price on Clearone from $4.00 to $6.00 and gave the stock a “long” rating in a report on Thursday, August 16th. One analyst has rated the stock with a sell rating and two have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $6.00.
Clearone (NASDAQ:CLRO) last announced its earnings results on Thursday, August 9th. The communications equipment provider reported ($0.22) EPS for the quarter, topping the consensus estimate 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%.
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.
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