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

StockNews.com initiated coverage on shares of ClearOne (NASDAQ:CLROFree Report) in a report published on Friday. The brokerage issued a hold rating on the communications equipment provider’s stock.

ClearOne Stock Performance

Shares of NASDAQ CLRO opened at $0.96 on Friday. ClearOne has a twelve month low of $0.64 and a twelve month high of $2.65. The company has a market capitalization of $23.09 million, a price-to-earnings ratio of 1.15 and a beta of 0.85. The firm has a 50-day moving average of $0.99 and a two-hundred day moving average of $0.85.

Institutional Investors Weigh In On ClearOne

Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its stake in ClearOne by 86.0% during the second quarter. Renaissance Technologies LLC now owns 838,072 shares of the communications equipment provider’s stock valued at $694,000 after buying an additional 387,412 shares in the last quarter. Marshall Wace LLP purchased a new stake in ClearOne during the second quarter valued at about $54,000. State Street Corp purchased a new stake in ClearOne during the second quarter valued at about $32,000. Finally, BlackRock Inc. lifted its stake in ClearOne by 365,044.4% during the second quarter. BlackRock Inc. now owns 32,863 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 32,854 shares in the last quarter. 7.28% of the stock is owned by institutional investors and hedge funds.

ClearOne Company Profile

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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.

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