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

StockNews.com assumed coverage on shares of ClearOne (NASDAQ:CLRO) in a report issued on Sunday. The brokerage issued a hold rating on the communications equipment provider’s stock.

ClearOne Stock Down 1.1 %

Shares of NASDAQ:CLRO opened at $0.63 on Friday. The firm has a market cap of $15.20 million, a P/E ratio of -9.06 and a beta of 0.81. ClearOne has a 12 month low of $0.63 and a 12 month high of $2.48. The company’s 50-day moving average price is $0.69 and its two-hundred day moving average price is $0.97.

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

Institutional Investors Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT boosted its position in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 0.88% of ClearOne worth $384,000 at the end of the most recent quarter. 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.