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

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

ClearOne Stock Performance

Shares of CLRO opened at $0.91 on Friday. The stock has a fifty day moving average price of $1.30 and a 200 day moving average price of $1.01. ClearOne has a 12 month low of $0.64 and a 12 month high of $2.65.

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

ClearOne Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, April 2nd were paid a $0.50 dividend. The ex-dividend date was Thursday, April 11th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT lifted its holdings in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 210,000 shares of the communications equipment provider’s stock after purchasing an additional 206,000 shares during the quarter. Albion Financial Group UT owned 0.88% of ClearOne worth $384,000 as of its most recent filing with the SEC. Institutional investors own 9.58% of the company’s stock.

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.