ClearOne (NASDAQ:CLRO) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com began coverage on shares of ClearOne (NASDAQ:CLRO) in a report issued on Friday. The brokerage set a “hold” rating on the communications equipment provider’s stock.

ClearOne Trading Up 3.1 %

Shares of CLRO stock opened at $0.60 on Friday. The stock has a 50 day simple moving average of $0.63 and a 200-day simple moving average of $0.90. The company has a market cap of $14.33 million, a price-to-earnings ratio of -8.54 and a beta of 0.80. ClearOne has a 12-month low of $0.53 and a 12-month high of $2.48.

ClearOne (NASDAQ:CLRO) last released its quarterly earnings results on Wednesday, August 14th. The communications equipment provider reported ($0.12) earnings per share for the quarter. The company had revenue of $2.30 million for the quarter. ClearOne had a negative return on equity of 19.94% and a negative net margin of 22.89%.

Institutional Trading of ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT boosted its holdings in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 210,000 shares of the communications equipment provider’s stock after acquiring an additional 206,000 shares during the quarter. Albion Financial Group UT owned 0.88% of ClearOne worth $384,000 at the end of the most recent quarter. Institutional investors and hedge funds own 9.58% of the company’s stock.

ClearOne Company Profile

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.