ClearOne (NASDAQ:CLRO) Announces Earnings Results

ClearOne (NASDAQ:CLRO) released its quarterly earnings data on Monday. The communications equipment provider reported ($0.11) EPS for the quarter, Zacks reports. ClearOne had a negative net margin of 32.88% and a negative return on equity of 25.59%.

ClearOne Stock Up 4.9%

CLRO traded up $0.03 during trading on Monday, reaching $0.54. 20,444 shares of the stock traded hands, compared to its average volume of 319,778. The stock has a market capitalization of $14.04 million, a PE ratio of -3.00 and a beta of 0.62. ClearOne has a 12 month low of $0.43 and a 12 month high of $1.40. The stock’s 50-day moving average is $0.55 and its 200 day moving average is $0.58.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on ClearOne in a report on Sunday. They set a “hold” rating on the stock.

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.