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

StockNews.com initiated coverage on shares of ClearOne (NASDAQ:CLRO – Get Rating) in a research note released on Tuesday morning. The firm issued a hold rating on the communications equipment provider’s stock.

Separately, TheStreet upgraded ClearOne from a d rating to a c rating in a research note on Friday, April 21st.

ClearOne Price Performance

Shares of NASDAQ:CLRO opened at $2.31 on Tuesday. The firm has a market capitalization of $55.35 million, a PE ratio of 2.63 and a beta of 1.04. The firm’s 50-day moving average is $1.51 and its two-hundred day moving average is $1.42. ClearOne has a 1 year low of $0.50 and a 1 year high of $2.65.

ClearOne (NASDAQ:CLRO – Get Rating) last announced its quarterly earnings data on Friday, March 31st. The communications equipment provider reported ($0.09) EPS for the quarter. ClearOne had a negative return on equity of 9.72% and a net margin of 99.33%. The company had revenue of $4.02 million for the quarter.

ClearOne Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 22nd will be paid a $1.00 dividend. The ex-dividend date is Thursday, June 1st.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ClearOne stock. Renaissance Technologies LLC lifted its stake in shares of ClearOne, Inc. (NASDAQ:CLRO – Get Rating) by 28.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 450,660 shares of the communications equipment provider’s stock after acquiring an additional 100,100 shares during the period. Renaissance Technologies LLC owned 1.88% of ClearOne worth $680,000 as of its most recent SEC filing. 3.59% of the stock is currently owned by hedge funds and other institutional investors.

About ClearOne

(Get Rating)

ClearOne, Inc engages in the design, development, and sale of conferencing, collaboration, and network streaming solutions for voice and visual communications. Its products include professional audio conferencing, speakerphones, professional microphones, and video collaboration. The company was founded in 1983 and is headquartered in Salt Lake City, UT.