ClearOne (NASDAQ:CLRO) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of ClearOne (NASDAQ:CLRO) in a research note published on Saturday morning. The brokerage issued a hold rating on the communications equipment provider’s stock.

ClearOne Stock Up 2.3 %

CLRO opened at $0.92 on Friday. The company’s 50-day moving average price is $1.30 and its two-hundred day moving average price is $1.02. ClearOne has a twelve month low of $0.64 and a twelve month high of $2.65. The stock has a market cap of $22.14 million, a price-to-earnings ratio of -46.19 and a beta of 0.91.

ClearOne (NASDAQ:CLRO) last announced its quarterly earnings results on Tuesday, April 2nd. The communications equipment provider reported ($0.05) earnings per share for the quarter. The company had revenue of $4.15 million during the quarter. ClearOne had a negative net margin of 2.99% and a negative return on equity of 10.61%.

ClearOne Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, April 2nd were issued a $0.50 dividend. The ex-dividend date was Thursday, April 11th.

Institutional Trading of ClearOne

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT grew its holdings in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. 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 0.88% of ClearOne worth $384,000 at the end of the most recent quarter. 9.58% of the stock is currently owned by institutional investors and hedge funds.

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.