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

StockNews.com began coverage on shares of ClearOne (NASDAQ:CLRO) in a report released on Saturday. The firm issued a hold rating on the communications equipment provider’s stock.

ClearOne Price Performance

NASDAQ:CLRO opened at $0.62 on Friday. The company has a market cap of $14.86 million, a P/E ratio of -8.86 and a beta of 0.80. The stock’s fifty day moving average price is $0.61 and its two-hundred day moving average price is $0.86. ClearOne has a 1 year low of $0.53 and a 1 year high of $2.48.

ClearOne (NASDAQ:CLRO) last issued its quarterly earnings data on Wednesday, August 14th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter. ClearOne had a negative return on equity of 19.94% and a negative net margin of 22.89%. The business had revenue of $2.30 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT grew its stake in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 210,000 shares of the communications equipment provider’s stock after buying an additional 206,000 shares during the quarter. Albion Financial Group UT owned 0.88% of ClearOne worth $384,000 at the end of the most recent quarter. 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.