Equities researchers at StockNews.com initiated coverage on shares of ClearOne (NASDAQ:CLRO – Get Rating) in a report issued on Monday. The brokerage set a "hold" rating on the communications equipment provider's stock.
ClearOne Stock Performance
NASDAQ CLRO opened at $0.56 on Monday. ClearOne has a 52-week low of $0.47 and a 52-week high of $2.48. 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 capitalization of $13.41 million, a P/E ratio of -1.87 and a beta of 1.30. The company has a fifty day moving average of $0.66 and a 200-day moving average of $0.68.
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Institutional Trading of ClearOne
An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT increased 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 13F filing with the Securities & Exchange Commission. The firm owned 210,000 shares of the communications equipment provider's stock after purchasing 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 filing with the Securities & Exchange Commission. 3.84% of the stock is currently owned by institutional investors and hedge funds.
ClearOne Company Profile
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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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