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

Analysts at StockNews.com initiated coverage on shares of ClearOne (NASDAQ:CLRO) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the communications equipment provider’s stock.

ClearOne Stock Performance

Shares of CLRO opened at $0.52 on Friday. The business’s fifty day moving average price is $0.57 and its two-hundred day moving average price is $0.58. The firm has a market capitalization of $13.52 million, a price-to-earnings ratio of -2.89 and a beta of 0.53. ClearOne has a 52 week low of $0.43 and a 52 week high of $1.40.

ClearOne (NASDAQ:CLRO) last posted its quarterly earnings results on Monday, March 31st. The communications equipment provider reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $2.96 million during the quarter. ClearOne had a negative net margin of 32.88% and a negative return on equity of 25.59%.

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.