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Shares of CLRO stock traded up $0.06 during trading hours on Friday, hitting $1.80. The company had a trading volume of 1,800 shares, compared to its average volume of 82,479. Clearone has a 12 month low of $1.12 and a 12 month high of $2.52. The firm’s fifty day moving average is $1.76 and its 200 day moving average is $2.10. The company has a current ratio of 5.05, a quick ratio of 2.61 and a debt-to-equity ratio of 0.05.
Clearone (NASDAQ:CLRO) last released its quarterly earnings data on Wednesday, August 14th. The communications equipment provider reported ($0.10) earnings per share for the quarter. Clearone had a negative net margin of 64.33% and a negative return on equity of 31.73%. The company had revenue of $6.42 million during the quarter.
An institutional investor recently raised its position in Clearone stock. Renaissance Technologies LLC lifted its holdings in Clearone Inc (NASDAQ:CLRO) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 252,375 shares of the communications equipment provider’s stock after acquiring an additional 9,600 shares during the quarter. Renaissance Technologies LLC owned approximately 1.52% of Clearone worth $563,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.17% of the company’s stock.
Clearone Company Profile
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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