ClearOne (NASDAQ:CLRO) Issues Quarterly Earnings Results

ClearOne (NASDAQ:CLRO) issued its quarterly earnings data on Monday. The communications equipment provider reported ($0.09) EPS for the quarter, Zacks reports. ClearOne had a negative return on equity of 25.59% and a negative net margin of 32.88%.

ClearOne Price Performance

Shares of NASDAQ:CLRO remained flat at $0.61 on Monday. The stock had a trading volume of 63,562 shares, compared to its average volume of 346,449. The firm has a market capitalization of $14.53 million, a P/E ratio of -3.37 and a beta of 0.59. ClearOne has a 12 month low of $0.45 and a 12 month high of $1.88. The company’s 50 day moving average price is $0.59 and its 200-day moving average price is $0.60.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on ClearOne in a report on Monday. They set a “hold” rating on the 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.