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

ClearOne Price Performance

NASDAQ:CLRO opened at $0.64 on Friday. The firm's fifty day moving average price is $0.65 and its two-hundred day moving average price is $0.72. The company has a market cap of $15.44 million, a P/E ratio of -2.15 and a beta of 1.34. ClearOne has a one year low of $0.47 and a one year high of $2.75. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.69 and a quick ratio of 2.88.

Institutional Investors Weigh In On ClearOne

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT grew its holdings in ClearOne, Inc. (NASDAQ:CLRO – Get Rating) by 5,150.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 1.12% of ClearOne worth $271,000 as of its most recent SEC filing. 3.84% of the stock is currently owned by hedge funds and other institutional investors.

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.

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