StockNews.com initiated coverage on shares of ClearOne (NASDAQ:CLRO – Free Report) 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 – Get Free Report) 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
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.
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