StockNews.com Begins Coverage on ClearOne (NASDAQ:CLRO)

StockNews.com initiated coverage on shares of ClearOne (NASDAQ:CLRO) in a research note released on Tuesday. The firm issued a hold rating on the communications equipment provider’s stock.

ClearOne Stock Performance

Shares of ClearOne stock opened at $0.61 on Tuesday. The firm has a 50-day simple moving average of $0.55 and a two-hundred day simple moving average of $0.61. ClearOne has a fifty-two week low of $0.46 and a fifty-two week high of $2.48. The company has a market cap of $14.62 million, a P/E ratio of -3.39 and a beta of 0.76.

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.