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

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

ClearOne Trading Up 1.8 %

NASDAQ:CLRO opened at $0.59 on Friday. ClearOne has a 1 year low of $0.53 and a 1 year high of $2.48. The firm has a 50 day moving average of $0.63 and a 200-day moving average of $0.89. The stock has a market capitalization of $14.09 million, a P/E ratio of -8.40 and a beta of 0.80.

ClearOne (NASDAQ:CLRO) last posted its earnings results on Wednesday, August 14th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter. ClearOne had a negative net margin of 22.89% and a negative return on equity of 19.94%. The firm had revenue of $2.30 million during the quarter.

Institutional Trading of ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT lifted its stake in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 0.88% of ClearOne worth $384,000 at the end of the most recent quarter. 9.58% of the stock is currently owned by institutional investors and hedge funds.

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.