Stock analysts at StockNews.com assumed coverage on shares of ClearOne (NASDAQ:CLRO – Get Rating) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the communications equipment provider’s stock.
ClearOne Trading Up 1.9 %
ClearOne stock opened at $0.64 on Friday. The business has a 50 day moving average price of $0.66 and a two-hundred day moving average price of $0.69. The company has a quick ratio of 2.88, a current ratio of 4.69 and a debt-to-equity ratio of 0.02. The stock has a market cap of $15.37 million, a price-to-earnings ratio of -2.14 and a beta of 1.30. ClearOne has a 12 month low of $0.47 and a 12 month high of $2.56.
Institutional Investors Weigh In On ClearOne
A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT increased its stake in shares of ClearOne, Inc. (NASDAQ:CLRO – Get Rating) by 5,150.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 210,000 shares of the communications equipment provider’s stock after purchasing an additional 206,000 shares during the period. Albion Financial Group UT owned approximately 1.12% of ClearOne worth $271,000 as of its most recent SEC filing. 3.84% of the stock is owned by institutional investors and hedge funds.
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.
- Get a free copy of the StockNews.com research report on ClearOne (CLRO)
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