Urban One (NASDAQ:UONE) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Shares of Urban One, Inc. (NASDAQ:UONE) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.63 and traded as low as $1.44. Urban One shares last traded at $1.44, with a volume of 10,888 shares changing hands.

Urban One Stock Down 3.9 %

The firm’s 50-day moving average price is $1.47 and its 200 day moving average price is $1.63. The firm has a market capitalization of $68.98 million, a price-to-earnings ratio of -0.85 and a beta of 0.99. 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 Activity

In related news, CEO David M. Kantor sold 350,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $0.98, for a total transaction of $343,000.00. Following the sale, the chief executive officer now owns 8,061 shares in the company, valued at approximately $7,899.78. This trade represents a 97.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter Thompson sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $1.07, for a total transaction of $107,000.00. Following the sale, the chief financial officer now owns 220,642 shares in the company, valued at approximately $236,086.94. This trade represents a 31.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 579,560 shares of company stock worth $579,298 over the last ninety days. 32.61% of the stock is currently owned by insiders.

Institutional Trading of Urban One

A number of hedge funds have recently bought and sold shares of UONE. Barclays PLC boosted its position in Urban One by 501,907.1% during the fourth quarter. Barclays PLC now owns 70,281 shares of the company’s stock worth $108,000 after acquiring an additional 70,267 shares during the last quarter. Northern Trust Corp boosted its position in Urban One by 31.7% during the fourth quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock worth $61,000 after acquiring an additional 9,509 shares during the last quarter. Finally, Millennium Management LLC boosted its position in Urban One by 9.4% during the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock worth $142,000 after acquiring an additional 7,923 shares during the last quarter. Institutional investors and hedge funds own 8.23% of the company’s stock.

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.