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

by · The Cerbat Gem

StockNews.com began coverage on shares of ClearOne (NASDAQ:CLRO – Free Report) in a report released on Friday. The brokerage issued a hold rating on the communications equipment provider’s stock.

ClearOne Price Performance

Shares of CLRO opened at $0.83 on Friday. The company has a market cap of $19.83 million, a PE ratio of -4.60 and a beta of 0.65. The stock has a 50-day moving average of $0.61 and a 200-day moving average of $0.62. ClearOne has a one year low of $0.46 and a one year high of $2.48.

About ClearOne

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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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