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

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

ClearOne Stock Performance

CLRO opened at $0.59 on Friday. The company has a fifty day moving average price of $0.63 and a two-hundred day moving average price of $0.89. ClearOne has a 52 week low of $0.53 and a 52 week high of $2.48. The firm has a market capitalization of $14.09 million, a PE ratio of -8.40 and a beta of 0.80.

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

Hedge Funds Weigh In On ClearOne

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT boosted its stake in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,000 shares of the communications equipment provider’s stock after acquiring 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.