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

Stock analysts at StockNews.com assumed coverage on shares of ClearOne (NASDAQ:CLRO) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the communications equipment provider’s stock.

ClearOne Price Performance

Shares of CLRO opened at $0.97 on Friday. ClearOne has a one year low of $0.64 and a one year high of $2.65. The firm has a market capitalization of $23.20 million, a P/E ratio of -48.40 and a beta of 0.92. The business has a fifty day moving average of $1.31 and a 200 day moving average of $1.00.

Institutional Trading of ClearOne

Several large investors have recently modified their holdings of CLRO. BlackRock Inc. grew its holdings in shares of ClearOne by 365,044.4% in the second quarter. BlackRock Inc. now owns 32,863 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 32,854 shares during the period. State Street Corp bought a new stake in ClearOne during the second quarter valued at about $32,000. Marshall Wace LLP bought a new stake in ClearOne during the second quarter valued at about $54,000. Finally, Renaissance Technologies LLC grew its holdings in ClearOne by 28.6% during the first quarter. Renaissance Technologies LLC now owns 450,660 shares of the communications equipment provider’s stock valued at $680,000 after purchasing an additional 100,100 shares during the period. Institutional investors own 9.58% of the company’s stock.

ClearOne Company Profile

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.