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

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

ClearOne Price Performance

CLRO opened at $0.61 on Friday. The stock has a market capitalization of $14.62 million, a price-to-earnings ratio of -8.71 and a beta of 0.80. The business has a 50-day moving average of $0.62 and a two-hundred day moving average of $0.89. ClearOne has a 12 month low of $0.53 and a 12 month high of $2.48.

ClearOne (NASDAQ:CLRO) last released its quarterly earnings results on Wednesday, August 14th. The communications equipment provider reported ($0.12) earnings per share for the quarter. The company had revenue of $2.30 million during 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 lifted its position in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 210,000 shares of the communications equipment provider’s stock after acquiring an additional 206,000 shares during the period. Albion Financial Group UT owned about 0.88% of ClearOne worth $384,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 9.58% of the company’s stock.

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.