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

StockNews.com started coverage on shares of ClearOne (NASDAQ:CLRO) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the communications equipment provider’s stock.

ClearOne Trading Down 6.4 %

Shares of NASDAQ CLRO opened at $0.55 on Friday. ClearOne has a 12-month low of $0.46 and a 12-month high of $2.48. The firm has a market capitalization of $13.30 million, a price-to-earnings ratio of -3.08 and a beta of 0.65. The firm has a 50 day moving average of $0.63 and a 200 day moving average of $0.62.

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.