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

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

ClearOne Stock Up 1.2 %

NASDAQ CLRO traded up $0.01 on Friday, hitting $0.66. The company’s stock had a trading volume of 312 shares, compared to its average volume of 1,208,274. The company’s 50-day moving average is $0.71 and its 200 day moving average is $0.99. The firm has a market cap of $15.71 million, a PE ratio of -9.22 and a beta of 0.81. ClearOne has a 1-year low of $0.63 and a 1-year high of $2.48.

ClearOne (NASDAQ:CLRO) last issued its quarterly earnings data on Monday, May 20th. The communications equipment provider reported ($0.08) earnings per share for the quarter. The business had revenue of $3.62 million during the quarter. ClearOne had a negative return on equity of 12.92% and a negative net margin of 8.96%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT raised its holdings in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the 1st quarter, according to the company in 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 quarter. Albion Financial Group UT owned 0.88% of ClearOne worth $384,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.