ClearOne (NASDAQ:CLRO) Research Coverage Started at began coverage on shares of ClearOne (NASDAQ:CLROFree Report) in a research report sent to investors on Wednesday. The firm issued a hold rating on the communications equipment provider’s stock.

ClearOne Stock Performance

NASDAQ:CLRO opened at $1.01 on Wednesday. The company has a market capitalization of $24.20 million, a P/E ratio of 1.20 and a beta of 0.85. ClearOne has a 12 month low of $0.64 and a 12 month high of $2.65. The business’s 50-day moving average is $0.95 and its 200 day moving average is $0.83.

ClearOne (NASDAQ:CLROGet Free Report) last posted its earnings results on Thursday, November 9th. The communications equipment provider reported ($0.05) EPS for the quarter. The firm had revenue of $4.89 million during the quarter. ClearOne had a negative return on equity of 11.13% and a net margin of 112.14%.

Institutional Investors Weigh In On ClearOne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new stake in ClearOne during the second quarter valued at approximately $54,000. State Street Corp purchased a new stake in ClearOne during the second quarter valued at approximately $32,000. Renaissance Technologies LLC raised its position in ClearOne by 86.0% during the second quarter. Renaissance Technologies LLC now owns 838,072 shares of the communications equipment provider’s stock valued at $694,000 after purchasing an additional 387,412 shares during the period. BlackRock Inc. raised its holdings in shares of ClearOne by 365,044.4% in the second quarter. BlackRock Inc. now owns 32,863 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 32,854 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of ClearOne in the second quarter worth approximately $52,000. 7.28% of the stock is currently owned by hedge funds and other institutional investors.

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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