ClearOne Inc. (NASDAQ:CLRO) traded today at a new 52-week high of $3.68. Approximately 922,000 shares have changed hands today, as compared to an average 30-day volume of 110,000 shares.
ClearOne Inc is a communications solutions company, which is engaged in designing, developing, and selling conferencing, collaboration, streaming, and digital signage solutions for audio, video, and visual communication. The company’s end users range from companies and institutions to small and medium-sized businesses, higher education and government organizations, as well as individual consumers. It sells its commercial products to end users primarily through a network of independent distributors, who in turn sells its products to dealers, systems integrators and other resellers. Its products include professional audio, network media streaming and professional microphones. Geographically the firm has its business presence across the US and international market.
ClearOne Inc. share prices have moved between a 52-week high of $3.68 and a 52-week low of $1.48 and are now trading 145% above that low price at $3.62 per share.
Potential upside of 4.3% exists for ClearOne Inc., based on a current level of $3.62 and analysts’ average consensus price target of $3.77.
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