ClearOne (NASDAQ:CLRO) Shares Cross Above 200 Day Moving Average – Time to Sell?

ClearOne, Inc. (NASDAQ:CLRO)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.61 and traded as high as $1.11. ClearOne shares last traded at $0.78, with a volume of 7,275,261 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of ClearOne in a research note on Thursday. They issued a “hold” rating for the company.

ClearOne Stock Up 31.4 %

The company has a market capitalization of $31.40 million, a PE ratio of -7.28 and a beta of 0.65. The business has a 50 day simple moving average of $0.57 and a 200 day simple moving average of $0.61.

About ClearOne

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.