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

StockNews.com started coverage on shares of ClearOne (NASDAQ:CLRO) in a report issued on Wednesday morning. The firm issued a hold rating on the communications equipment provider’s stock.

ClearOne Trading Up 2.6 %

NASDAQ:CLRO opened at $0.58 on Wednesday. ClearOne has a 12-month low of $0.53 and a 12-month high of $2.48. The firm has a market cap of $13.95 million, a PE ratio of -8.31 and a beta of 0.81. The stock has a fifty day moving average price of $0.65 and a 200 day moving average price of $0.92.

Institutional Trading of ClearOne

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT raised its position in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% in the first quarter, according to its most recent Form 13F filing with the Securities & 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 SEC filing. 9.58% of the stock is currently owned by institutional investors.

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.