ClearOne (NASDAQ:CLRO) Now Covered by StockNews.com

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

ClearOne Stock Performance

Shares of CLRO opened at $0.58 on Tuesday. The stock’s fifty day moving average is $0.59 and its 200-day moving average is $0.73. The firm has a market capitalization of $13.93 million, a price-to-earnings ratio of -8.30 and a beta of 0.81. ClearOne has a one year low of $0.53 and a one year high of $2.48.

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

Hedge Funds Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT grew its stake in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.88% of ClearOne worth $384,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.