ClearOne (NASDAQ:CLRO) Coverage Initiated at StockNews.com

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

ClearOne Stock Up 0.9 %

Shares of NASDAQ:CLRO opened at $0.56 on Thursday. ClearOne has a 52-week low of $0.53 and a 52-week high of $2.48. The stock has a market cap of $13.33 million, a price-to-earnings ratio of -3.71 and a beta of 0.83. The business has a 50-day moving average price of $0.58 and a 200-day moving average price of $0.68.

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

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.