Clearone Inc (NASDAQ:CLRO) major shareholder Edward D. Bagley purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was bought at an average cost of $2.20 per share, with a total value of $11,000.00. Following the purchase, the insider now owns 7,403,239 shares of the company’s stock, valued at $16,287,125.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
CLRO stock traded up $0.09 during midday trading on Friday, reaching $2.32. The company had a trading volume of 5,500 shares, compared to its average volume of 4,538. The stock has a 50 day moving average price of $2.23 and a 200-day moving average price of $2.15. Clearone Inc has a 1-year low of $1.12 and a 1-year high of $2.60. The company has a quick ratio of 2.61, a current ratio of 5.05 and a debt-to-equity ratio of 0.05.
A hedge fund recently raised its stake in Clearone stock. Renaissance Technologies LLC increased its position in shares of Clearone Inc (NASDAQ:CLRO) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 252,375 shares of the communications equipment provider’s stock after purchasing an additional 9,600 shares during the quarter. Renaissance Technologies LLC owned approximately 1.52% of Clearone worth $563,000 at the end of the most recent quarter. 5.25% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading: Price-Sales Ratio
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