ClearOne (NASDAQ:CLRO) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

ClearOne, Inc. (NASDAQ:CLRO)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.62 and traded as high as $0.90. ClearOne shares last traded at $0.79, with a volume of 652,395 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on ClearOne in a report on Friday. They set a “hold” rating for the company.

ClearOne Price Performance

The stock has a market cap of $18.94 million, a price-to-earnings ratio of -4.39 and a beta of 0.65. The stock has a fifty day moving average of $0.61 and a 200 day moving average of $0.62.

ClearOne Company Profile

ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications in the United States and internationally. The company offers a range of audio conferencing products, including professional audio 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; USB-based personal and group speakerphones that could be used with PCs, laptops, tablets, smartphones, and other portable devices; and traditional tabletop conferencing phones used in conference rooms and offices.