StockNews.com started coverage on shares of ClearOne (NASDAQ:CLRO – Free Report) in a report issued on Wednesday. The firm issued a hold rating on the communications equipment provider’s stock.
ClearOne Price Performance
Shares of NASDAQ:CLRO opened at $0.55 on Wednesday. ClearOne has a one year low of $0.53 and a one year high of $2.48. The company has a market cap of $13.17 million, a price-to-earnings ratio of -7.85 and a beta of 0.80. The firm has a 50 day simple moving average of $0.65 and a 200 day simple moving average of $0.92.
Institutional Investors Weigh In On ClearOne
An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT increased its holdings in ClearOne, Inc. (NASDAQ:CLRO – Free Report) by 5,150.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 210,000 shares of the communications equipment provider’s stock after purchasing an additional 206,000 shares during the quarter. Albion Financial Group UT owned approximately 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.
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.
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