ClearOne (NASDAQ:CLRO) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of ClearOne (NASDAQ:CLRO) in a report issued on Tuesday. The brokerage issued a hold rating on the communications equipment provider’s stock.

ClearOne Stock Performance

ClearOne stock opened at $0.67 on Tuesday. The stock’s 50 day moving average price is $0.79 and its 200 day moving average price is $1.03. ClearOne has a one year low of $0.63 and a one year high of $2.48. The firm has a market capitalization of $16.06 million, a PE ratio of -9.57 and a beta of 0.81.

ClearOne (NASDAQ:CLRO) last announced its earnings results on Monday, May 20th. The communications equipment provider reported ($0.08) earnings per share (EPS) for the quarter. ClearOne had a negative net margin of 8.96% and a negative return on equity of 12.92%. The business had revenue of $3.62 million during the quarter.

Institutional Investors Weigh In On ClearOne

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT grew its position in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,000 shares of the communications equipment provider’s stock after acquiring an additional 206,000 shares during the quarter. 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 currently owned by institutional investors and hedge funds.

About ClearOne

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.