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

StockNews.com started coverage on shares of ClearOne (NASDAQ:CLRO) in a research report report published on Sunday morning. The firm issued a hold rating on the communications equipment provider’s stock.

ClearOne Price Performance

Shares of CLRO opened at $0.60 on Friday. The business’s 50-day moving average is $0.61 and its 200-day moving average is $0.83. The company has a market capitalization of $14.39 million, a price-to-earnings ratio of -8.58 and a beta of 0.81. ClearOne has a fifty-two week low of $0.53 and a fifty-two week high of $2.48.

ClearOne (NASDAQ:CLRO) last issued its 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 during the quarter.

Institutional Investors Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT raised its stake in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during 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 period. Albion Financial Group UT owned 0.88% of ClearOne worth $384,000 at the end of the most recent quarter. Institutional investors own 9.58% of the company’s stock.

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.