Urban One (NASDAQ:UONEK) Announces Earnings Results

Urban One (NASDAQ:UONEK) released its earnings results on Thursday. The company reported ($0.25) EPS for the quarter, Zacks reports. Urban One had a positive return on equity of 17.29% and a negative net margin of 17.82%.

Urban One Price Performance

Shares of NASDAQ:UONEK opened at $0.72 on Friday. The business’s 50 day simple moving average is $0.77 and its 200-day simple moving average is $0.96. Urban One has a 12 month low of $0.60 and a 12 month high of $2.17. The firm has a market capitalization of $34.54 million, a price-to-earnings ratio of -0.42 and a beta of 0.59. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91.

Insider Buying and Selling at Urban One

In related news, CEO David M. Kantor sold 70,350 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $0.98, for a total value of $68,943.00. Following the completion of the transaction, the chief executive officer now owns 8,061 shares in the company, valued at $7,899.78. This represents a 89.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 50.45% of the stock is owned by insiders.

Urban One Company Profile

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.