ClearOne (NASDAQ:CLRO) Posts Quarterly Earnings Results

ClearOne (NASDAQ:CLRO) released its quarterly earnings data on Monday. The communications equipment provider reported ($0.11) EPS for the quarter, Zacks reports. ClearOne had a negative net margin of 32.88% and a negative return on equity of 25.59%.

ClearOne Trading Up 4.9%

CLRO opened at $0.54 on Tuesday. ClearOne has a 1-year low of $0.43 and a 1-year high of $1.40. The company has a market cap of $14.04 million, a P/E ratio of -3.00 and a beta of 0.62. The company’s 50 day moving average is $0.55 and its 200-day moving average is $0.58.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of ClearOne in a report on Sunday. They set a “hold” rating on the stock.

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.