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

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

ClearOne Stock Down 1.2 %

Shares of ClearOne stock opened at $0.58 on Monday. The business has a 50-day moving average price of $0.59 and a 200 day moving average price of $0.77. ClearOne has a fifty-two week low of $0.53 and a fifty-two week high of $2.48. The firm has a market cap of $13.85 million, a P/E ratio of -8.26 and a beta of 0.81.

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

Institutional Investors Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT increased its stake in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,000 shares of the communications equipment provider’s stock after purchasing 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 reporting period. Institutional investors own 9.58% of the company’s stock.

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.