ClearOne (NASDAQ:CLRO) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of ClearOne (NASDAQ:CLRO) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the communications equipment provider’s stock.

ClearOne Stock Up 2.7 %

CLRO stock opened at $0.67 on Tuesday. The stock has a 50-day simple moving average of $0.81 and a two-hundred day simple moving average of $1.04. ClearOne has a twelve month low of $0.63 and a twelve month high of $2.48. The firm has a market capitalization of $16.00 million, a PE ratio of -9.54 and a beta of 0.82.

ClearOne (NASDAQ:CLRO) last posted its quarterly earnings data on Monday, May 20th. The communications equipment provider reported ($0.08) earnings per share (EPS) for the quarter. ClearOne had a negative net margin of 8.96% and a negative return on equity of 12.92%. The business had revenue of $3.62 million for the quarter.

Hedge Funds Weigh In On ClearOne

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT boosted its position in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,000 shares of the communications equipment provider’s stock after buying an additional 206,000 shares during the quarter. Albion Financial Group UT owned approximately 0.88% of ClearOne worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 9.58% of the stock is currently owned by institutional investors and hedge funds.

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.