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

StockNews.com initiated coverage on shares of ClearOne (NASDAQ:CLROGet Rating) in a report released on Friday. The brokerage set a “hold” rating on the communications equipment provider’s stock.

Shares of NASDAQ:CLRO opened at $0.54 on Friday. The stock has a market cap of $12.09 million, a P/E ratio of -1.42 and a beta of 1.33. The firm has a fifty day moving average price of $0.80 and a 200 day moving average price of $1.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.57 and a quick ratio of 1.69. ClearOne has a 1-year low of $0.47 and a 1-year high of $3.28.

A number of large investors have recently modified their holdings of the stock. Albion Financial Group UT raised its position in ClearOne by 5,150.0% during the 4th quarter. Albion Financial Group UT now owns 210,000 shares of the communications equipment provider’s stock worth $271,000 after buying an additional 206,000 shares during the last quarter. Renaissance Technologies LLC raised its position in ClearOne by 61.9% during the 4th quarter. Renaissance Technologies LLC now owns 641,653 shares of the communications equipment provider’s stock worth $828,000 after buying an additional 245,393 shares during the last quarter. Finally, CVI Holdings LLC purchased a new position in ClearOne during the 3rd quarter worth $851,000. Hedge funds and other 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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