Clearone Inc (NASDAQ:CLRO) major shareholder Edward D. Bagley bought 8,941 shares of Clearone stock in a transaction dated Thursday, June 6th. The stock was acquired at an average cost of $2.12 per share, for a total transaction of $18,954.92. Following the purchase, the insider now directly owns 7,388,148 shares in the company, valued at approximately $15,662,873.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of NASDAQ CLRO opened at $2.16 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.12 and a current ratio of 5.59. Clearone Inc has a 1 year low of $1.12 and a 1 year high of $5.91.
Clearone (NASDAQ:CLRO) last issued its earnings results on Monday, May 20th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $6.31 million during the quarter. Clearone had a negative net margin of 63.26% and a negative return on equity of 31.02%.
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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