ClearOne (NASDAQ:CLRO) Now Covered by StockNews.com

Research analysts at StockNews.com began coverage on shares of ClearOne (NASDAQ:CLROGet Free Report) in a report released on Monday. The firm set a “hold” rating on the communications equipment provider’s stock.

ClearOne Trading Down 5.5 %

CLRO opened at $1.73 on Monday. The company has a market capitalization of $41.45 million, a price-to-earnings ratio of 2.06 and a beta of 0.81. The business’s fifty day simple moving average is $1.09 and its 200-day simple moving average is $0.90. ClearOne has a 12-month low of $0.64 and a 12-month high of $2.65.

Hedge Funds Weigh In On ClearOne

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in ClearOne by 365,044.4% during the 2nd quarter. BlackRock Inc. now owns 32,863 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 32,854 shares in the last quarter. State Street Corp purchased a new stake in ClearOne during the 2nd quarter worth approximately $32,000. Marshall Wace LLP purchased a new stake in shares of ClearOne during the second quarter valued at $54,000. Finally, Renaissance Technologies LLC raised its stake in ClearOne by 28.6% in the 1st quarter. Renaissance Technologies LLC now owns 450,660 shares of the communications equipment provider’s stock worth $680,000 after acquiring an additional 100,100 shares during the last quarter. 7.28% of the stock is currently owned by institutional investors.

ClearOne Company Profile

(Get 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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