ClearOne (NASDAQ:CLRO) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of ClearOne (NASDAQ:CLRO) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the communications equipment provider’s stock.

ClearOne Trading Up 5.2 %

NASDAQ:CLRO opened at $0.51 on Wednesday. The company has a market capitalization of $13.13 million, a P/E ratio of -2.81 and a beta of 0.53. The business’s 50-day moving average is $0.57 and its 200 day moving average is $0.59. ClearOne has a 12 month low of $0.43 and a 12 month high of $1.40.

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