Analysts at StockNews.com assumed coverage on shares of ClearOne (NASDAQ:CLRO – Get Rating) in a report released on Monday. The brokerage set a "hold" rating on the communications equipment provider's stock.

ClearOne Stock Down 3.7 %

CLRO stock opened at $0.58 on Monday. ClearOne has a fifty-two week low of $0.47 and a fifty-two week high of $2.42. The business's 50-day moving average is $0.66 and its two-hundred day moving average is $0.68. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.88 and a current ratio of 4.69. The company has a market cap of $13.84 million, a price-to-earnings ratio of -1.93 and a beta of 1.30.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT lifted its stake in ClearOne, Inc. (NASDAQ:CLRO – Get Rating) by 5,150.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,000 shares of the communications equipment provider's stock after buying an additional 206,000 shares during the quarter. Albion Financial Group UT owned about 1.12% of ClearOne worth $271,000 as of its most recent filing with the Securities & Exchange Commission. 3.84% of the stock is owned by institutional investors and hedge funds.

ClearOne Company Profile

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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