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

StockNews.com started coverage on shares of ClearOne (NASDAQ:CLRO) in a research note issued to investors on Sunday. The brokerage set a “buy” rating on the communications equipment provider’s stock.

ClearOne Stock Down 4.8 %

CLRO stock opened at $1.00 on Friday. ClearOne has a twelve month low of $0.64 and a twelve month high of $2.65. The firm has a market cap of $23.97 million, a price-to-earnings ratio of -50.00 and a beta of 0.91. The business’s fifty day simple moving average is $1.31 and its two-hundred day simple moving average is $1.03.

ClearOne (NASDAQ:CLRO) last posted its quarterly earnings results on Tuesday, April 2nd. The communications equipment provider reported ($0.05) EPS for the quarter. The company had revenue of $4.15 million during the quarter. ClearOne had a negative return on equity of 10.61% and a negative net margin of 2.99%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT increased its position in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter. Institutional investors and hedge funds own 9.58% of the company’s stock.

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.