ClearOne (NASDAQ:CLRO) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of ClearOne (NASDAQ:CLRO) in a research note issued to investors on Sunday. The firm set a “hold” rating on the communications equipment provider’s stock.

ClearOne Stock Down 2.4 %

CLRO stock opened at $0.60 on Friday. The business has a 50 day moving average of $0.61 and a 200-day moving average of $0.83. ClearOne has a 12-month low of $0.53 and a 12-month high of $2.48. The firm has a market cap of $14.39 million, a PE ratio of -8.58 and a beta of 0.81.

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

Hedge Funds Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT lifted its stake in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% in the first quarter, according to its most recent Form 13F 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 period. Albion Financial Group UT owned approximately 0.88% of ClearOne worth $384,000 at the end of the most recent reporting period. 9.58% of the stock is currently owned by institutional investors and hedge funds.

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.