Radio One (NASDAQ:UONE) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Radio One, Inc. (NASDAQ:UONE) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $5.25 and traded as low as $4.05. Radio One shares last traded at $4.0650, with a volume of 6,503 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Radio One in a report on Tuesday, September 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Radio One currently has an average rating of “Sell”.

Radio One Stock Down 0.4%

The company has a debt-to-equity ratio of 20.77, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $18.76 million, a price-to-earnings ratio of -0.27 and a beta of 0.87. The firm’s fifty day moving average is $4.43 and its 200-day moving average is $5.25.

Radio One (NASDAQ:UONE) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($1.58) EPS for the quarter. The business had revenue of $85.76 million during the quarter. Radio One had a negative net margin of 19.04% and a negative return on equity of 7.13%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Radio One stock. Concurrent Investment Advisors LLC purchased a new position in Radio One, Inc. (NASDAQ:UONE) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,557 shares of the company’s stock, valued at approximately $84,000. Concurrent Investment Advisors LLC owned approximately 0.34% of Radio One at the end of the most recent quarter. Institutional investors own 8.23% of the company’s stock.

Radio One Company Profile

Urban One, Inc, formerly known as Radio One, is a multimedia company serving Black audiences in the United States. Founded in 1980 by Cathy Hughes, the company initially focused on radio broadcasting and has expanded into television, digital media and other content platforms. Its Class A common stock trades on the Nasdaq under the symbol UONE.

The company operates a portfolio of radio stations in major U.S. markets, with programming that includes music, news, talk and entertainment. Urban One also owns TV One, a cable network featuring original programming, movies, documentaries and other content focused on African American audiences.