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

Shares of ClearOne, Inc. (NASDAQ:CLRO) 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 changing hands.

Wall Street Analysts Forecast Growth

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

ClearOne Stock Down 12.5 %

The company has a market capitalization of $18.94 million, a PE ratio of -4.39 and a beta of 0.65. The firm has a 50-day moving average of $0.61 and a two-hundred 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.