Urban One (NASDAQ:UONE) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Urban One, Inc. (NASDAQ:UONE) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.58 and traded as low as $1.32. Urban One shares last traded at $1.33, with a volume of 22,443 shares traded.

Urban One Trading Down 1.5 %

The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $63.23 million, a P/E ratio of -0.78 and a beta of 0.96. The company has a 50-day moving average price of $1.43 and a 200 day moving average price of $1.57.

Insiders Place Their Bets

In other Urban One news, CAO Karen Wishart sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $1.01, for a total value of $50,500.00. Following the completion of the sale, the chief accounting officer now directly owns 41,278 shares in the company, valued at $41,690.78. This trade represents a 54.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David M. Kantor sold 70,350 shares of Urban One stock in a transaction on Monday, January 13th. The stock was sold at an average price of $0.98, for a total transaction of $68,943.00. Following the completion of the transaction, the chief executive officer now directly owns 8,061 shares in the company, valued at $7,899.78. This represents a 89.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.61% of the stock is currently owned by corporate insiders.

Institutional Trading of Urban One

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC grew its stake in Urban One by 9.4% during the 4th quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock worth $142,000 after buying an additional 7,923 shares during the last quarter. Barclays PLC grew its stake in shares of 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. Finally, Northern Trust Corp grew its stake in shares of 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. Hedge funds and other institutional investors own 8.23% of the company’s stock.

About Urban 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.