ClearOne (NASDAQ:CLRO) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of ClearOne (NASDAQ:CLRO) in a research note released on Saturday. The firm issued a hold rating on the communications equipment provider’s stock.

ClearOne Price Performance

ClearOne stock opened at $0.92 on Friday. The business has a 50 day simple moving average of $1.30 and a 200-day simple moving average of $1.02. ClearOne has a 12 month low of $0.64 and a 12 month high of $2.65. The stock has a market capitalization of $22.14 million, a PE ratio of -46.19 and a beta of 0.91.

ClearOne (NASDAQ:CLRO) last announced its quarterly earnings data on Tuesday, April 2nd. The communications equipment provider reported ($0.05) EPS for the quarter. The firm 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 announced a dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 11th.

Institutional Trading of ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT lifted its position in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,000 shares of the communications equipment provider’s stock after acquiring an additional 206,000 shares during the quarter. Albion Financial Group UT owned 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.