ClearOne, Inc. (NASDAQ:CLRO) shares hit a new 52-week low on Monday . The company traded as low as $7.05 and last traded at $7.05, with a volume of 4888 shares trading hands. The stock had previously closed at $7.12.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised ClearOne from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. ValuEngine raised ClearOne from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, B. Riley reissued a “buy” rating and issued a $9.75 price objective on shares of ClearOne in a report on Tuesday, August 15th.
The firm has a market capitalization of $60.90, a price-to-earnings ratio of 44.51 and a beta of 1.36.
ClearOne (NASDAQ:CLRO) last issued its earnings results on Wednesday, August 9th. The communications equipment provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). ClearOne had a positive return on equity of 1.83% and a negative net margin of 2.56%. The company had revenue of $10.31 million during the quarter, compared to analysts’ expectations of $12.01 million. sell-side analysts predict that ClearOne, Inc. will post 0.05 earnings per share for the current fiscal year.
In related news, major shareholder Edward D. Bagley bought 12,001 shares of the stock in a transaction dated Monday, September 18th. The shares were purchased at an average price of $7.60 per share, for a total transaction of $91,207.60. Following the completion of the purchase, the insider now directly owns 2,005,377 shares of the company’s stock, valued at $15,240,865.20. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Edward D. Bagley bought 10,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of $7.85 per share, for a total transaction of $78,500.00. Following the purchase, the insider now directly owns 1,839,877 shares of the company’s stock, valued at $14,443,034.45. The disclosure for this purchase can be found here. Insiders bought 180,501 shares of company stock worth $1,374,208 in the last 90 days. Company insiders own 9.45% of the company’s stock.
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ClearOne Company Profile
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
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