ClearOne (NASDAQ:CLRO) Announces Quarterly Earnings Results

ClearOne (NASDAQ:CLRO) issued its quarterly earnings results on Monday. The communications equipment provider reported ($0.09) earnings per share for the quarter, Zacks reports. ClearOne had a negative return on equity of 25.59% and a negative net margin of 32.88%.

ClearOne Price Performance

Shares of CLRO traded down $0.05 during mid-day trading on Monday, hitting $0.56. The company’s stock had a trading volume of 63,662 shares, compared to its average volume of 346,449. The stock has a market capitalization of $13.38 million, a price-to-earnings ratio of -3.10 and a beta of 0.59. ClearOne has a fifty-two week low of $0.45 and a fifty-two week high of $1.88. The firm has a 50-day moving average price of $0.59 and a 200 day moving average price of $0.60.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on ClearOne in a research report on Monday. 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.