ClearOne (NASDAQ:CLRO) Coverage Initiated at StockNews.com

Research analysts at StockNews.com began coverage on shares of ClearOne (NASDAQ:CLRO) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the communications equipment provider’s stock.

ClearOne Stock Performance

Shares of NASDAQ:CLRO opened at $0.52 on Wednesday. ClearOne has a one year low of $0.45 and a one year high of $2.48. The stock has a market capitalization of $12.51 million, a price-to-earnings ratio of -2.90 and a beta of 0.63. The company has a 50-day simple moving average of $0.63 and a 200-day simple moving average of $0.59.

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.