ClearOne (NASDAQ:CLRO) Earns Hold Rating from Analysts at assumed coverage on shares of ClearOne (NASDAQ:CLROGet Rating) in a research report issued on Thursday. The firm set a “hold” rating on the communications equipment provider’s stock.

CLRO stock opened at $0.66 on Thursday. ClearOne has a twelve month low of $0.65 and a twelve month high of $3.28. The company has a quick ratio of 1.69, a current ratio of 2.57 and a debt-to-equity ratio of 0.03. The firm has a market cap of $14.79 million, a PE ratio of -1.74 and a beta of 1.32. The business has a 50 day moving average of $0.84 and a 200 day moving average of $1.14.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its position in ClearOne by 61.9% during the fourth quarter. Renaissance Technologies LLC now owns 641,653 shares of the communications equipment provider’s stock valued at $828,000 after purchasing an additional 245,393 shares in the last quarter. Albion Financial Group UT raised its holdings in ClearOne by 5,150.0% during the fourth quarter. Albion Financial Group UT now owns 210,000 shares of the communications equipment provider’s stock valued at $271,000 after acquiring an additional 206,000 shares during the period. Finally, CVI Holdings LLC bought a new stake in ClearOne during the third quarter valued at about $851,000. Institutional investors own 7.18% of the company’s stock.

ClearOne Company Profile (Get Rating)

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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