ClearOne (NASDAQ:CLRO) Earns Hold Rating from Analysts at StockNews.com

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

ClearOne Stock Performance

Shares of NASDAQ CLRO opened at $0.57 on Wednesday. The stock has a fifty day simple moving average of $0.58 and a two-hundred day simple moving average of $0.70. ClearOne has a 1-year low of $0.53 and a 1-year high of $2.48. The firm has a market cap of $13.66 million, a price-to-earnings ratio of -8.14 and a beta of 0.81.

ClearOne (NASDAQ:CLRO) last announced its quarterly earnings data on Wednesday, August 14th. The communications equipment provider reported ($0.12) earnings per share for the quarter. The firm had revenue of $2.30 million during the quarter. ClearOne had a negative return on equity of 19.94% and a negative net margin of 22.89%.

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.