ClearOne (NASDAQ:CLRO) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of ClearOne (NASDAQ:CLRO) in a research report sent to investors on Sunday. The brokerage issued a buy rating on the communications equipment provider’s stock.

ClearOne Price Performance

Shares of ClearOne stock opened at $0.97 on Friday. The company’s fifty day moving average price is $1.31 and its two-hundred day moving average price is $1.03. The firm has a market capitalization of $23.25 million, a PE ratio of -48.51 and a beta of 0.91. ClearOne has a 52-week low of $0.64 and a 52-week high of $2.65.

ClearOne (NASDAQ:CLRO) last posted its earnings results on Tuesday, April 2nd. The communications equipment provider reported ($0.05) earnings per share for the quarter. The business had revenue of $4.15 million during the quarter. ClearOne had a negative net margin of 2.99% and a negative return on equity of 10.61%.

ClearOne Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, April 2nd were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, April 11th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT increased its position in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,000 shares of the communications equipment provider’s stock after purchasing an additional 206,000 shares during the quarter. Albion Financial Group UT owned approximately 0.88% of ClearOne worth $384,000 at the end of the most recent quarter. Institutional investors own 9.58% of the company’s 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.