ClearOne (NASDAQ:CLRO) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of ClearOne (NASDAQ:CLRO) in a research note issued to investors on Tuesday morning. The brokerage issued a hold rating on the communications equipment provider’s stock.

ClearOne Stock Performance

Shares of CLRO stock opened at $0.59 on Tuesday. The firm has a market capitalization of $14.11 million, a price-to-earnings ratio of -8.41 and a beta of 0.81. The company has a 50 day moving average price of $0.58 and a 200 day moving average price of $0.72. ClearOne has a one year low of $0.53 and a one year high of $2.48.

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

Hedge Funds Weigh In On ClearOne

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT boosted its holdings in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the 1st quarter, according to its most recent disclosure with the 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 approximately 0.88% of ClearOne worth $384,000 at the end of the most recent reporting period. 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.