Renaissance Technologies LLC Lowers Stock Holdings in ClearOne, Inc. (NASDAQ:CLRO)

Renaissance Technologies LLC decreased its holdings in ClearOne, Inc. (NASDAQ:CLRO) by 6.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 313,160 shares of the communications equipment provider’s stock after selling 19,894 shares during the period. Renaissance Technologies LLC owned 1.31% of ClearOne worth $204,000 at the end of the most recent reporting period.

Separately, Albion Financial Group UT lifted its holdings in shares of ClearOne by 5,150.0% in the 1st quarter. Albion Financial Group UT now owns 210,000 shares of the communications equipment provider’s stock worth $384,000 after acquiring an additional 206,000 shares during the last quarter. Institutional investors own 9.58% of the company’s stock.

ClearOne Trading Down 3.3 %

CLRO opened at $0.59 on Friday. ClearOne, Inc. has a 12 month low of $0.53 and a 12 month high of $2.48. The stock has a fifty day moving average price of $0.59 and a 200-day moving average price of $0.80. The firm has a market cap of $14.02 million, a price-to-earnings ratio of -8.36 and a beta of 0.81.

ClearOne (NASDAQ:CLRO) last announced its earnings results on Wednesday, August 14th. The communications equipment provider reported ($0.12) earnings per share for the quarter. The business 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%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of ClearOne in a research report on Sunday, October 6th. They issued a “hold” rating for the company.

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.