Clearone (NASDAQ:CLRO) Stock Passes Below 200 Day Moving Average of $0.00

Clearone Inc (NASDAQ:CLRO)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as low as $2.12. Clearone shares last traded at $2.12, with a volume of 2,084 shares changing hands.

The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.12 and a current ratio of 5.59. The stock’s fifty day simple moving average is $2.25.

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

Hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System lifted its holdings in shares of 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 purchasing an additional 25,300 shares in the last quarter. BlackRock Inc. boosted its holdings in Clearone by 57.0% in the 4th 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 period. Dimensional Fund Advisors LP boosted 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 valued at $76,000 after purchasing an additional 30,367 shares during the period. Finally, Geode Capital Management LLC boosted 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 valued at $47,000 after purchasing an additional 19,107 shares during the period. 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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