ClearOne (NASDAQ:CLRO) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of ClearOne (NASDAQ:CLROFree Report) in a research report sent to investors on Saturday morning. The firm issued a hold rating on the communications equipment provider’s stock.

ClearOne Stock Down 3.8 %

NASDAQ CLRO opened at $0.92 on Friday. ClearOne has a 52 week low of $0.64 and a 52 week high of $2.65. The firm has a 50 day moving average of $1.00 and a two-hundred day moving average of $0.85. The stock has a market capitalization of $22.04 million, a PE ratio of 1.10 and a beta of 0.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace LLP acquired a new position in shares of ClearOne in the 2nd quarter valued at $54,000. State Street Corp purchased a new stake in ClearOne in the second quarter valued at $32,000. Renaissance Technologies LLC boosted its stake in ClearOne by 86.0% in the second quarter. Renaissance Technologies LLC now owns 838,072 shares of the communications equipment provider’s stock valued at $694,000 after acquiring an additional 387,412 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of ClearOne by 365,044.4% during the second quarter. BlackRock Inc. now owns 32,863 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 32,854 shares during the last quarter. 7.28% of the stock is owned by institutional investors and hedge funds.

ClearOne Company Profile

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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.

Further Reading

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