StockNews.com Initiates Coverage on ClearOne (NASDAQ:CLRO)

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 Stock Down 12.5 %

NASDAQ CLRO opened at $0.79 on Friday. The firm has a market cap of $18.94 million, a P/E ratio of -4.39 and a beta of 0.65. The company’s 50 day moving average is $0.61 and its 200-day moving average is $0.62. ClearOne has a 12-month low of $0.46 and a 12-month high of $2.48.

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.