ClearOne (NASDAQ:CLRO) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of ClearOne (NASDAQ:CLRO) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the communications equipment provider’s stock.

ClearOne Stock Performance

CLRO opened at $0.67 on Tuesday. ClearOne has a one year low of $0.63 and a one year high of $2.48. The company has a market cap of $16.00 million, a P/E ratio of -9.54 and a beta of 0.82. The business’s 50-day simple moving average is $0.81 and its 200-day simple moving average is $1.04.

ClearOne (NASDAQ:CLRO) last announced its quarterly earnings results on Monday, May 20th. The communications equipment provider reported ($0.08) EPS for the quarter. The company had revenue of $3.62 million during the quarter. ClearOne had a negative net margin of 8.96% and a negative return on equity of 12.92%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT lifted its holdings in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 210,000 shares of the communications equipment provider’s stock after acquiring an additional 206,000 shares during the period. Albion Financial Group UT owned 0.88% of ClearOne worth $384,000 at the end of the most recent reporting period. 9.58% of the stock is owned by institutional investors.

About ClearOne

ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications in the United States and internationally. The company offers a range of audio conferencing products, including professional audio 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; USB-based personal and group speakerphones that could be used with PCs, laptops, tablets, smartphones, and other portable devices; and traditional tabletop conferencing phones used in conference rooms and offices.