ClearOne (NASDAQ:CLRO) Earns Hold Rating from Analysts at StockNews.com

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

ClearOne Price Performance

Shares of NASDAQ:CLRO opened at $0.58 on Thursday. The stock has a market capitalization of $13.86 million, a price-to-earnings ratio of -8.26 and a beta of 0.80. The business’s fifty day moving average price is $0.64 and its two-hundred day moving average price is $0.91. ClearOne has a fifty-two week low of $0.53 and a fifty-two week 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 firm had revenue of $2.30 million for the quarter. ClearOne had a negative return on equity of 19.94% and a negative net margin of 22.89%.

Institutional Trading of ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT increased its stake in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission. 9.58% of the stock is owned by institutional investors.

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.