Radio One (NASDAQ:UONE) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Radio One, Inc. (NASDAQ:UONE) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.56 and traded as low as $1.30. Radio One shares last traded at $1.31, with a volume of 15,952 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Radio One in a research report on Wednesday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Radio One currently has an average rating of “Sell”.

Radio One Trading Down 3.9%

The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 5.94. The stock’s 50 day moving average is $1.52 and its 200-day moving average is $1.56. The company has a market cap of $59.45 million, a PE ratio of -0.38 and a beta of 0.45.

Radio One (NASDAQ:UONE) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.49 EPS for the quarter. Radio One had a negative net margin of 38.19% and a positive return on equity of 13.04%. The business had revenue of $91.63 million during the quarter.

Insider Activity at Radio One

In other Radio One news, Director Brian W. Mcneill sold 220,901 shares of Radio One stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $0.82, for a total value of $181,138.82. Following the completion of the transaction, the director directly owned 234,213 shares of the company’s stock, valued at $192,054.66. This trade represents a 48.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 41.32% of the stock is owned by insiders.

Hedge Funds Weigh In On Radio One

A hedge fund recently raised its stake in Radio One stock. Millennium Management LLC boosted its position in shares of Radio One, Inc. (NASDAQ:UONE) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,083 shares of the company’s stock after buying an additional 7,923 shares during the quarter. Millennium Management LLC owned 0.19% of Radio One worth $142,000 as of its most recent filing with the Securities & Exchange Commission. 8.23% of the stock is currently owned by institutional investors.

About Radio One

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.