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

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

ClearOne Trading Down 1.0 %

ClearOne stock opened at $0.70 on Thursday. The firm has a 50-day moving average of $0.74 and a 200-day moving average of $1.01. The firm has a market cap of $16.85 million, a P/E ratio of -10.04 and a beta of 0.81. ClearOne has a 1-year low of $0.63 and a 1-year high of $2.48.

ClearOne (NASDAQ:CLRO) last posted its earnings results on Monday, May 20th. The communications equipment provider reported ($0.08) earnings per share for the quarter. The firm had revenue of $3.62 million for the quarter. ClearOne had a negative return on equity of 12.92% and a negative net margin of 8.96%.

Institutional Trading of ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT boosted its stake in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 210,000 shares of the communications equipment provider’s stock after buying 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 reporting period. Institutional investors and hedge funds own 9.58% of the company’s stock.

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.