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

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

ClearOne Price Performance

Shares of NASDAQ CLRO opened at $0.49 on Friday. ClearOne has a 1 year low of $0.46 and a 1 year high of $2.48. The firm has a fifty day moving average price of $0.56 and a 200-day moving average price of $0.63. The stock has a market cap of $11.75 million, a PE ratio of -2.72 and a beta of 0.83.

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.