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

Equities research analysts at StockNews.com assumed coverage on shares of ClearOne (NASDAQ:CLRO) in a research note issued on Friday. The brokerage set a “hold” rating on the communications equipment provider’s stock.

ClearOne Stock Performance

Shares of CLRO opened at $0.57 on Friday. The firm has a market cap of $13.66 million, a price-to-earnings ratio of -3.80 and a beta of 0.83. The firm has a 50 day moving average price of $0.58 and a 200-day moving average price of $0.68. ClearOne has a fifty-two week low of $0.51 and a fifty-two week high of $2.48.

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

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.