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

Equities research analysts at StockNews.com started coverage on shares of ClearOne (NASDAQ:CLRO) in a research note issued on Wednesday. The brokerage set a “hold” rating on the communications equipment provider’s stock.

ClearOne Price Performance

ClearOne stock opened at $0.69 on Wednesday. The firm has a 50 day simple moving average of $0.77 and a 200-day simple moving average of $1.03. The stock has a market capitalization of $16.54 million, a PE ratio of -9.86 and a beta of 0.81. ClearOne has a 12-month low of $0.63 and a 12-month high of $2.48.

ClearOne (NASDAQ:CLRO) last issued its earnings results on Monday, May 20th. The communications equipment provider reported ($0.08) earnings per share for the quarter. ClearOne had a negative return on equity of 12.92% and a negative net margin of 8.96%. The business had revenue of $3.62 million for the quarter.

Institutional Trading of ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT increased its holdings in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 210,000 shares of the communications equipment provider’s stock after acquiring an additional 206,000 shares during the period. Albion Financial Group UT owned about 0.88% of ClearOne worth $384,000 at the end of the most recent reporting period. Hedge funds and other 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.