Albion Financial Group UT Purchases 206,000 Shares of ClearOne, Inc. (NASDAQ:CLRO)

Albion Financial Group UT raised its position in shares of ClearOne, Inc. (NASDAQ:CLROFree Report) by 5,150.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 210,000 shares of the communications equipment provider’s stock after buying an additional 206,000 shares during the period. Albion Financial Group UT owned about 0.88% of ClearOne worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

ClearOne Stock Performance

Shares of NASDAQ:CLRO opened at $0.67 on Thursday. The business has a fifty day moving average of $0.80 and a 200-day moving average of $1.03. ClearOne, Inc. has a twelve month low of $0.63 and a twelve month high of $2.48.

ClearOne (NASDAQ:CLROGet Free Report) last posted its quarterly earnings data on Monday, May 20th. The communications equipment provider reported ($0.08) earnings per share for the quarter. ClearOne had a negative net margin of 8.96% and a negative return on equity of 12.92%. The company had revenue of $3.62 million during the quarter.

Analyst Ratings Changes

Separately, initiated coverage on ClearOne in a research report on Tuesday. They set a “hold” rating on the stock.

Read Our Latest Research Report on CLRO

ClearOne Company Profile

(Free Report)

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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