Urban One (NASDAQ:UONE) Releases Earnings Results

Urban One (NASDAQ:UONE) released its quarterly earnings data on Thursday. The company reported ($0.78) earnings per share for the quarter, RTT News reports. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%. The company had revenue of $117.13 million for the quarter.

Urban One Price Performance

Shares of Urban One stock opened at $1.44 on Friday. The company’s fifty day simple moving average is $1.40 and its two-hundred day simple moving average is $1.52. Urban One has a 12-month low of $1.23 and a 12-month high of $3.33. The firm has a market cap of $68.98 million, a PE ratio of -0.85 and a beta of 0.95. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90.

Insider Buying and Selling

In other Urban One news, CEO David M. Kantor sold 70,350 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $0.98, for a total value 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 approximately $7,899.78. This represents a 89.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.61% of the stock is owned by 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.