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

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

ClearOne Trading Up 3.6 %

Shares of NASDAQ:CLRO opened at $0.57 on Friday. The company has a 50 day moving average of $0.58 and a 200 day moving average of $0.68. The stock has a market cap of $13.66 million, a P/E ratio of -3.80 and a beta of 0.83. ClearOne has a 12 month low of $0.51 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) EPS for the quarter. ClearOne had a negative net margin of 22.89% and a negative return on equity of 19.94%. The firm had revenue of $2.30 million for the quarter.

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.