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

Stock analysts at StockNews.com assumed coverage on shares of ClearOne (NASDAQ:CLRO) in a report issued on Monday. The firm set a “hold” rating on the communications equipment provider’s stock.

ClearOne Stock Down 4.0 %

CLRO stock opened at $0.54 on Monday. The firm has a market cap of $12.84 million, a price-to-earnings ratio of -2.98 and a beta of 0.59. The company’s fifty day simple moving average is $0.58 and its 200 day simple moving average is $0.60. ClearOne has a 12-month low of $0.45 and a 12-month high of $1.82.

ClearOne (NASDAQ:CLRO) last announced its quarterly earnings data on Monday, March 31st. The communications equipment provider reported ($0.09) earnings per share (EPS) for the quarter. ClearOne had a negative net margin of 32.88% and a negative return on equity of 25.59%. The business had revenue of $2.96 million during the quarter.

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.