StockNews.com Begins Coverage on ClearOne (NASDAQ:CLRO)

Equities researchers at StockNews.com began coverage on shares of ClearOne (NASDAQ:CLRO) in a report released on Wednesday. The brokerage set a “hold” rating on the communications equipment provider’s stock.

ClearOne Stock Performance

CLRO opened at $0.57 on Wednesday. The company’s 50-day simple moving average is $0.58 and its two-hundred day simple moving average is $0.71. ClearOne has a 52-week low of $0.53 and a 52-week high of $2.48. The stock has a market capitalization of $13.55 million, a P/E ratio of -8.08 and a beta of 0.81.

ClearOne (NASDAQ:CLRO) last issued its 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 during the quarter. ClearOne had a negative return on equity of 19.94% and a negative net margin of 22.89%.

ClearOne Company 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.