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

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

ClearOne Trading Down 2.7 %

NASDAQ CLRO opened at $0.50 on Wednesday. ClearOne has a 12 month low of $0.43 and a 12 month high of $1.40. The company’s 50 day moving average is $0.57 and its two-hundred day moving average is $0.59. The stock has a market cap of $12.90 million, a price-to-earnings ratio of -2.76 and a beta of 0.53.

ClearOne (NASDAQ:CLRO) last issued its quarterly earnings results on Monday, March 31st. The communications equipment provider reported ($0.09) earnings per share (EPS) for the quarter. ClearOne had a negative return on equity of 25.59% and a negative net margin of 32.88%. The business had revenue of $2.96 million during the quarter.

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.