ClearOne (NASDAQ:CLRO) Shares Pass Above 200 Day Moving Average of $1.06

ClearOne, Inc. (NASDAQ:CLRO – Get Rating)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.06 and traded as high as $1.54. ClearOne shares last traded at $1.54, with a volume of 14,838 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on ClearOne in a research note on Wednesday, February 1st. They issued a “hold” rating on the stock.

ClearOne Stock Performance

The firm has a market cap of $36.88 million, a PE ratio of -6.42 and a beta of 1.06. The company has a 50 day simple moving average of $1.67 and a 200-day simple moving average of $1.06. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 2.76.

About ClearOne

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ClearOne, Inc engages in the design, development, and sale of conferencing, collaboration, and network streaming solutions for voice and visual communications. Its products include professional audio conferencing, speakerphones, professional microphones, and video collaboration. The company was founded in 1983 and is headquartered in Salt Lake City, UT.