ClearOne (NASDAQ:CLRO) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of ClearOne (NASDAQ:CLROGet Free Report) in a research note issued on Sunday. The firm set a “hold” rating on the communications equipment provider’s stock.

ClearOne Trading Down 3.8 %

CLRO opened at $0.49 on Friday. The company’s 50 day moving average is $0.56 and its 200 day moving average is $0.63. The company has a market cap of $11.75 million, a price-to-earnings ratio of -2.72 and a beta of 0.83. ClearOne has a 12-month low of $0.46 and a 12-month high of $2.48.

About ClearOne

(Get Free Report)

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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