Albion Financial Group UT Purchases 206,000 Shares of ClearOne, Inc. (NASDAQ:CLRO)

Albion Financial Group UT grew its position in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor 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’s holdings in ClearOne were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.

ClearOne Price Performance

Shares of ClearOne stock opened at $0.67 on Thursday. ClearOne, Inc. has a 1 year low of $0.63 and a 1 year high of $2.48. The stock has a fifty day moving average price of $0.80 and a 200-day moving average price of $1.03.

ClearOne (NASDAQ:CLRO) last posted its quarterly earnings results on Monday, May 20th. The communications equipment provider reported ($0.08) earnings per share for the quarter. The company had revenue of $3.62 million for the quarter. ClearOne had a negative net margin of 8.96% and a negative return on equity of 12.92%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on ClearOne in a report on Tuesday. They issued a “hold” rating for the company.

ClearOne 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.