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

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

ClearOne Stock Up 1.1 %

Shares of CLRO stock opened at $0.64 on Friday. The company has a market capitalization of $15.39 million, a P/E ratio of -3.57 and a beta of 0.59. The firm has a 50-day moving average price of $0.62 and a 200 day moving average price of $0.60. ClearOne has a 12-month low of $0.45 and a 12-month high of $1.98.

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.