ClearOne (NASDAQ:CLRO) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of ClearOne (NASDAQ:CLRO) in a report published on Sunday morning. The firm issued a buy rating on the communications equipment provider’s stock.

ClearOne Stock Performance

Shares of NASDAQ:CLRO traded down $0.05 during trading on Friday, reaching $1.00. 104,689 shares of the company traded hands, compared to its average volume of 2,025,649. ClearOne has a 52-week low of $0.64 and a 52-week high of $2.65. The business’s fifty day moving average is $1.30 and its 200-day moving average is $1.03.

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

ClearOne Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 11th.

Institutional Trading of ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT lifted its holdings in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & 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 about 0.88% of ClearOne worth $384,000 at the end of the most recent reporting period. 9.58% of the stock is 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.