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

StockNews.com began coverage on shares of ClearOne (NASDAQ:CLRO) in a report issued on Sunday. The firm issued a buy rating on the communications equipment provider’s stock.

ClearOne Price Performance

ClearOne stock opened at $0.96 on Friday. The stock has a market capitalization of $22.93 million, a PE ratio of -47.84 and a beta of 0.91. The business has a 50 day simple moving average of $1.31 and a 200-day simple moving average of $1.03. ClearOne has a 12 month low of $0.64 and a 12 month high of $2.65.

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

ClearOne Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, April 2nd were issued a $0.50 dividend. The ex-dividend date was Thursday, April 11th. ClearOne’s payout ratio is -1,400.00%.

Hedge Funds Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT boosted its position in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 about 0.88% of ClearOne worth $384,000 at the end of the most recent reporting period. 9.58% of the stock is currently owned by institutional investors and hedge funds.

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.