Analysts at StockNews.com initiated coverage on shares of ClearOne (NASDAQ:CLRO – Get Free Report) 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 – Get Free Report) 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
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.
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