Stock analysts at StockNews.com started coverage on shares of ClearOne (NASDAQ:CLRO – Get Rating) in a research report issued to clients and investors on Saturday. The firm set a "hold" rating on the communications equipment provider's stock.

ClearOne Price Performance

NASDAQ CLRO opened at $0.61 on Friday. The firm has a market cap of $14.61 million, a PE ratio of -2.03 and a beta of 1.30. ClearOne has a 52 week low of $0.47 and a 52 week high of $2.75. The business's fifty day simple moving average is $0.66 and its 200-day simple moving average is $0.70. The company has a quick ratio of 2.88, a current ratio of 4.69 and a debt-to-equity ratio of 0.02.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT boosted its holdings in ClearOne, Inc. (NASDAQ:CLRO – Get Rating) by 5,150.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 210,000 shares of the communications equipment provider's stock after buying an additional 206,000 shares during the period. Albion Financial Group UT owned 1.12% of ClearOne worth $271,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.84% 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.

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