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

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

ClearOne Stock Performance

ClearOne stock opened at $0.91 on Friday. The stock has a fifty day moving average of $1.30 and a two-hundred day moving average of $1.01. The company has a market capitalization of $21.90 million, a price-to-earnings ratio of -45.69 and a beta of 0.92. ClearOne has a fifty-two week low of $0.64 and a fifty-two week high of $2.65.

ClearOne (NASDAQ:CLRO) last announced its quarterly earnings data on Tuesday, April 2nd. The communications equipment provider reported ($0.05) EPS for the quarter. The business had revenue of $4.15 million during the quarter. ClearOne had a negative net margin of 2.99% and a negative return on equity of 10.61%.

Institutional Investors Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT raised its position in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 210,000 shares of the communications equipment provider’s stock after acquiring 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. 9.58% of the stock is owned by hedge funds and other institutional investors.

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.