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

StockNews.com initiated coverage on shares of ClearOne (NASDAQ:CLRO) in a research note published on Tuesday morning. The firm issued a hold rating on the communications equipment provider’s stock.

ClearOne Price Performance

Shares of ClearOne stock opened at $0.60 on Tuesday. The stock has a market capitalization of $14.30 million, a PE ratio of -8.53 and a beta of 0.81. ClearOne has a 1-year low of $0.53 and a 1-year high of $2.48. The company’s fifty day simple moving average is $0.59 and its 200-day simple moving average is $0.73.

ClearOne (NASDAQ:CLRO) last released its quarterly earnings results on Wednesday, August 14th. The communications equipment provider reported ($0.12) earnings per share (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 Inflows and Outflows

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT grew its holdings in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.