Research analysts at StockNews.com began coverage on shares of ClearOne (NASDAQ:CLRO – Get Free Report) 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 – Get Free Report) 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
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.
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