ClearOne (NASDAQ:CLRO) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of ClearOne (NASDAQ:CLRO) in a report published on Saturday. The firm issued a hold rating on the communications equipment provider’s stock.

ClearOne Stock Down 3.8 %

CLRO traded down $0.03 during trading on Friday, reaching $0.68. The company had a trading volume of 12,660 shares, compared to its average volume of 22,173. ClearOne has a 52 week low of $0.63 and a 52 week high of $2.48. The stock has a market cap of $16.18 million, a P/E ratio of -9.64 and a beta of 0.81. The business has a 50 day simple moving average of $0.71 and a 200-day simple moving average of $0.99.

ClearOne (NASDAQ:CLRO) last released 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 raised its holdings in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% in the 1st quarter, according to the company in its most recent Form 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 quarter. Albion Financial Group UT owned 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.