ClearOne Communications (CLRO, Financial) experienced a significant stock price surge of 5.71%. The stock is currently priced at $0.500 per share, with a trading volume of 106,282 shares, a turnover rate of 0.44%, and a price fluctuation of 8.46%.
Recent financial reports reveal that ClearOne Communications generated a revenue of $2.50 million, with a net loss of $2.06 million, resulting in an earnings per share (EPS) of -$0.09. The company's gross profit stood at $612,000, with a price-to-earnings (P/E) ratio of -2.91. Currently, there are no institutional ratings recommending "buy," "hold," or "sell" for the stock.
Within the communications industry, ClearOne Communications is among the stocks with notable gains, alongside companies like Akoustis Technologies, Inc., and others. Akoustis Technologies, Inc. recorded a turnover rate of 10.91% and a price fluctuation of 18.47%, while other active stocks in the sector include Applied Optoelectronics and Siyata Mobile, Inc.
ClearOne Inc. specializes in designing, developing, and selling audio, video, and visual communication solutions. Its product offerings include DSP mixers, amplifiers, video walls, professional cameras, and microphones. The company markets its products through an independent distributor network, reaching end-users, dealers, system integrators, and resellers, with a presence in both the U.S. and international markets.
