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

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

ClearOne Price Performance

ClearOne stock opened at $0.58 on Friday. The firm has a 50 day simple moving average of $0.60 and a 200-day simple moving average of $0.81. The stock has a market capitalization of $13.84 million, a PE ratio of -8.25 and a beta of 0.81. ClearOne has a 12-month low of $0.53 and a 12-month high of $2.48.

ClearOne (NASDAQ:CLRO) last posted its quarterly earnings data on Wednesday, August 14th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter. The company 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%.

Institutional Trading of ClearOne

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT boosted 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 disclosure with the Securities and Exchange Commission (SEC). The fund owned 210,000 shares of the communications equipment provider’s stock after purchasing an additional 206,000 shares during the period. Albion Financial Group UT owned approximately 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.

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.