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

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

ClearOne Stock Up 3.1 %

Shares of ClearOne stock opened at $0.55 on Thursday. ClearOne has a 52 week low of $0.43 and a 52 week high of $1.40. The company has a market cap of $14.27 million, a PE ratio of -3.05 and a beta of 0.53. The business has a 50 day moving average of $0.57 and a 200 day moving average of $0.59.

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

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.