ClearOne (NASDAQ:CLRO) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of ClearOne (NASDAQ:CLRO) in a report released on Friday. The firm set a “hold” rating on the communications equipment provider’s stock.

ClearOne Stock Down 10.7 %

ClearOne stock opened at $0.51 on Friday. ClearOne has a twelve month low of $0.50 and a twelve month high of $2.48. The company’s 50-day moving average price is $0.58 and its 200-day moving average price is $0.67. The company has a market cap of $12.23 million, a PE ratio of -2.83 and a beta of 0.83.

ClearOne (NASDAQ:CLRO) last released its quarterly earnings results on Wednesday, August 14th. The communications equipment provider reported ($0.12) 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.