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

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

ClearOne Price Performance

Shares of CLRO opened at $0.60 on Monday. The company has a market capitalization of $14.38 million, a P/E ratio of -8.57 and a beta of 0.81. ClearOne has a one year low of $0.54 and a one year high of $2.48. The business’s 50 day simple moving average is $0.69 and its 200-day simple moving average is $0.97.

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

Hedge Funds Weigh In On ClearOne

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

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.