Equities research analysts at StockNews.com initiated coverage on shares of ClearOne (NASDAQ:CLRO – Get Rating) in a report issued on Friday. The brokerage set a "hold" rating on the communications equipment provider's stock.

ClearOne Price Performance

Shares of NASDAQ:CLRO opened at $0.64 on Friday. The firm's 50 day moving average price is $0.65 and its 200-day moving average price is $0.72. The stock has a market capitalization of $15.44 million, a PE ratio of -2.15 and a beta of 1.34. ClearOne has a twelve month low of $0.47 and a twelve month high of $2.75. 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 Investors Weigh In On ClearOne

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT increased its position in ClearOne, Inc. (NASDAQ:CLRO – Get Rating) by 5,150.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 about 1.12% of ClearOne worth $271,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.

Further Reading

• Get a free copy of the StockNews.com research report on ClearOne (CLRO)
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