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

Shares of Radio One, Inc. (NASDAQ:UONE) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.28 and traded as low as $5.34. Radio One shares last traded at $7.31, with a volume of 4,209,648 shares trading hands.

Radio One Stock Performance

The company has a debt-to-equity ratio of 17.47, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market cap of $32.97 million, a price-to-earnings ratio of -0.22 and a beta of 0.71. The firm has a fifty day simple moving average of $7.38 and a two-hundred day simple moving average of $10.26.

Institutional Investors Weigh In On Radio One

An institutional investor recently raised its position in Radio One stock. Barclays PLC grew its holdings in Radio One, Inc. (NASDAQ:UONE) by 11.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 78,410 shares of the company’s stock after acquiring an additional 8,098 shares during the quarter. Barclays PLC owned 1.74% of Radio One worth $81,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 8.23% of the company’s stock.

Radio One Company Profile

Urban One, Inc, formerly known as Radio One, Inc, is a media company primarily serving African-American and urban audiences across the United States. The company’s core business activities center on radio broadcasting, operating a portfolio of urban-format radio stations that deliver music, news, and community-focused programming. Urban One’s radio network spans key metropolitan markets including Washington, DC, Atlanta, Philadelphia, and Minneapolis, among others.

In addition to its terrestrial radio operations, Urban One has expanded into digital media to engage listeners online.