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

Equities researchers at StockNews.com began coverage on shares of ClearOne (NASDAQ:CLRO) in a report released on Saturday. The brokerage set a “hold” rating on the communications equipment provider’s stock.

ClearOne Price Performance

CLRO opened at $0.91 on Friday. ClearOne has a 12 month low of $0.64 and a 12 month high of $2.65. The company has a fifty day simple moving average of $1.30 and a 200 day simple moving average of $1.01. The stock has a market cap of $21.90 million, a P/E ratio of -45.69 and a beta of 0.92.

ClearOne (NASDAQ:CLRO) last released its quarterly earnings data on Tuesday, April 2nd. The communications equipment provider reported ($0.05) EPS for the quarter. ClearOne had a negative net margin of 2.99% and a negative return on equity of 10.61%. The firm had revenue of $4.15 million during the quarter.

Hedge Funds Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT increased its stake in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% in the first quarter, according to the company in its most recent filing with the Securities and 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 0.88% of ClearOne worth $384,000 as of its most recent filing with the Securities and Exchange Commission. 9.58% of the stock is owned by institutional investors.

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.