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

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

ClearOne Stock Up 3.5 %

Shares of NASDAQ CLRO opened at $0.60 on Monday. The stock’s 50-day simple moving average is $0.59 and its two-hundred day simple moving average is $0.77. The firm has a market capitalization of $14.33 million, a P/E ratio of -8.54 and a beta of 0.81. ClearOne has a twelve month low of $0.53 and a twelve month high of $2.48.

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

Institutional Trading of ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT boosted its holdings in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 about 0.88% of ClearOne worth $384,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.