ClearOne (NASDAQ:CLRO) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of ClearOne (NASDAQ:CLRO) in a research note issued on Thursday. The brokerage set a “hold” rating on the communications equipment provider’s stock.

ClearOne Stock Performance

CLRO stock opened at $0.59 on Thursday. The company’s 50-day simple moving average is $0.64 and its 200 day simple moving average is $0.91. ClearOne has a 52 week low of $0.53 and a 52 week high of $2.48. The company has a market capitalization of $14.14 million, a PE ratio of -8.43 and a beta of 0.80.

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

Institutional Investors Weigh In On ClearOne

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT boosted its position in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 210,000 shares of the communications equipment provider’s stock after buying an additional 206,000 shares during the period. Albion Financial Group UT owned approximately 0.88% of ClearOne worth $384,000 at the end of the most recent quarter. 9.58% of the stock is owned by institutional investors.

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.