ClearOne (NASDAQ:CLRO) Receives New Coverage from Analysts at StockNews.com

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

ClearOne Stock Performance

NASDAQ CLRO opened at $0.94 on Friday. The company has a market cap of $22.49 million, a PE ratio of -46.91 and a beta of 0.91. The firm’s 50 day moving average price is $1.31 and its 200-day moving average price is $1.01. ClearOne has a 52-week low of $0.64 and a 52-week high of $2.65.

ClearOne (NASDAQ:CLRO) last announced its earnings results on Tuesday, April 2nd. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter. The company 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 declared a dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 11th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT raised its position in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & 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 period. Albion Financial Group UT owned approximately 0.88% of ClearOne worth $384,000 as of its most recent filing with the Securities & Exchange Commission. 9.58% of the stock is currently owned by hedge funds and other institutional investors.

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.