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

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

ClearOne Price Performance

CLRO traded down $0.06 on Friday, hitting $0.51. 114,071 shares of the stock were exchanged, compared to its average volume of 826,937. The firm has a market capitalization of $12.23 million, a price-to-earnings ratio of -3.40 and a beta of 0.83. ClearOne has a 12 month low of $0.50 and a 12 month high of $2.48. The business has a 50-day moving average of $0.58 and a two-hundred day moving average of $0.67.

ClearOne (NASDAQ:CLRO) last issued its quarterly earnings results on Wednesday, August 14th. The communications equipment provider reported ($0.12) earnings per share for the quarter. The firm had revenue of $2.30 million for the quarter. ClearOne had a negative return on equity of 19.94% and a negative net margin of 22.89%.

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.