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

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

ClearOne Stock Up 1.5 %

Shares of CLRO opened at $0.62 on Friday. The business has a fifty day moving average of $0.62 and a 200 day moving average of $0.87. The company has a market cap of $14.84 million, a PE ratio of -8.71 and a beta of 0.80. ClearOne has a 52-week low of $0.53 and a 52-week high of $2.48.

ClearOne (NASDAQ:CLRO) last released its earnings results on Wednesday, August 14th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter. ClearOne had a negative return on equity of 19.94% and a negative net margin of 22.89%. The firm had revenue of $2.30 million during the quarter.

Hedge Funds Weigh In On ClearOne

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT boosted its holdings in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,000 shares of the communications equipment provider’s stock after acquiring 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 (SEC). 9.58% of the stock is 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.