Clearone (NASDAQ:CLRO) Share Price Passes Below Fifty Day Moving Average of $2.26

Shares of Clearone Inc (NASDAQ:CLRO) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.26 and traded as low as $2.12. Clearone shares last traded at $2.13, with a volume of 331 shares.

The company has a 50 day moving average of $2.26. The company has a current ratio of 5.59, a quick ratio of 3.12 and a debt-to-equity ratio of 0.05.

Clearone (NASDAQ:CLRO) last posted its quarterly earnings data on Monday, May 20th. The communications equipment provider reported ($0.12) earnings per share for the quarter. Clearone had a negative return on equity of 31.02% and a negative net margin of 63.26%. The firm had revenue of $6.31 million for the quarter.

A number of institutional investors and hedge funds have recently bought and sold shares of CLRO. BlackRock Inc. raised its holdings in shares of Clearone by 57.0% in the fourth quarter. BlackRock Inc. now owns 33,009 shares of the communications equipment provider’s stock valued at $41,000 after purchasing an additional 11,978 shares during the last quarter. Geode Capital Management LLC increased its holdings in Clearone by 100.0% in the 4th quarter. Geode Capital Management LLC now owns 38,214 shares of the communications equipment provider’s stock worth $47,000 after acquiring an additional 19,107 shares in the last quarter. California Public Employees Retirement System increased its holdings in Clearone by 100.0% in the 4th quarter. California Public Employees Retirement System now owns 50,600 shares of the communications equipment provider’s stock worth $63,000 after acquiring an additional 25,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Clearone by 100.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 60,734 shares of the communications equipment provider’s stock worth $76,000 after acquiring an additional 30,367 shares in the last quarter. Institutional investors own 5.22% of the company’s stock.

Clearone Company Profile (NASDAQ:CLRO)

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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