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

Equities researchers at StockNews.com assumed coverage on shares of ClearOne (NASDAQ:CLRO) in a report released on Wednesday. The firm set a “hold” rating on the communications equipment provider’s stock.

ClearOne Stock Up 7.5 %

NASDAQ CLRO opened at $0.52 on Wednesday. The company has a fifty day moving average of $0.63 and a two-hundred day moving average of $0.60. The firm has a market capitalization of $12.46 million, a price-to-earnings ratio of -2.89 and a beta of 0.63. ClearOne has a 52 week low of $0.45 and a 52 week 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.