Urban One (NASDAQ:UONEK) Issues Earnings Results

Urban One (NASDAQ:UONEK) issued its earnings results on Thursday. The company reported ($0.25) earnings per share (EPS) for the quarter, Zacks reports. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%.

Urban One Stock Performance

Shares of UONEK stock opened at $0.72 on Friday. Urban One has a fifty-two week low of $0.60 and a fifty-two week high of $2.17. The stock’s 50-day moving average is $0.77 and its two-hundred day moving average is $0.96. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a market cap of $34.54 million, a P/E ratio of -0.42 and a beta of 0.59.

Insider Activity

In other Urban One news, CEO David M. Kantor sold 70,350 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $0.98, for a total value of $68,943.00. Following the completion of the sale, the chief executive officer now owns 8,061 shares of the company’s stock, valued at $7,899.78. The trade was a 89.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 50.45% of the stock is owned by corporate insiders.

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.