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

Research analysts at StockNews.com began coverage on shares of ClearOne (NASDAQ:CLRO) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the communications equipment provider’s stock.

ClearOne Price Performance

Shares of NASDAQ:CLRO opened at $0.60 on Tuesday. The stock has a market capitalization of $14.36 million, a PE ratio of -8.56 and a beta of 0.81. The company’s 50-day moving average price is $0.59 and its two-hundred day moving average price is $0.74. ClearOne has a one year low of $0.53 and a one year high of $2.48.

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

Institutional Investors Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT boosted its holdings in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 210,000 shares of the communications equipment provider’s stock after buying an additional 206,000 shares during the quarter. 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.

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.