ClearOne (NASDAQ:CLRO) Coverage Initiated by Analysts at StockNews.com

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

ClearOne Stock Performance

Shares of CLRO stock traded down $0.06 during midday trading on Friday, hitting $0.51. 114,071 shares of the company were exchanged, compared to its average volume of 826,937. ClearOne has a 52 week low of $0.50 and a 52 week high of $2.48. The firm has a market capitalization of $12.23 million, a P/E ratio of -3.40 and a beta of 0.83. The firm’s 50 day moving average price is $0.58 and its two-hundred day moving average price is $0.67.

ClearOne (NASDAQ:CLRO) last issued its quarterly earnings data 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 for the quarter.

ClearOne Company Profile

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.