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

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

ClearOne Stock Up 10.7 %

CLRO opened at $0.50 on Tuesday. The firm has a 50-day moving average price of $0.58 and a 200-day moving average price of $0.60. ClearOne has a twelve month low of $0.43 and a twelve month high of $1.60. The company has a market capitalization of $13.00 million, a price-to-earnings ratio of -2.78 and a beta of 0.53.

ClearOne (NASDAQ:CLRO) last released its quarterly earnings data on Monday, March 31st. The communications equipment provider reported ($0.09) earnings per share for the quarter. The business 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%.

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.