ClearOne (NASDAQ:CLRO) Now Covered by StockNews.com

Stock analysts at StockNews.com started coverage on shares of ClearOne (NASDAQ:CLRO) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the communications equipment provider’s stock.

ClearOne Stock Performance

CLRO opened at $0.60 on Friday. The company’s fifty day moving average price is $0.60 and its two-hundred day moving average price is $0.82. ClearOne has a 1-year low of $0.53 and a 1-year high of $2.48. The company has a market cap of $14.38 million, a price-to-earnings ratio of -8.57 and a beta of 0.81.

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

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT grew its position in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% in the 1st quarter, according to the company in its most recent Form 13F filing 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 about 0.88% of ClearOne worth $384,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.