StockNews.com Begins Coverage on ClearOne (NASDAQ:CLRO)

StockNews.com initiated coverage on shares of ClearOne (NASDAQ:CLRO) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the communications equipment provider’s stock.

ClearOne Price Performance

Shares of NASDAQ:CLRO opened at $0.58 on Wednesday. The firm’s 50 day simple moving average is $0.55 and its two-hundred day simple moving average is $0.61. The company has a market capitalization of $13.90 million, a P/E ratio of -3.22 and a beta of 0.76. ClearOne has a 1-year low of $0.46 and a 1-year high of $2.48.

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.