Radio One (NASDAQ:UONEK) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Radio One, Inc. (NASDAQ:UONEK)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.74 and traded as high as $0.92. Radio One shares last traded at $0.8110, with a volume of 29,174 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Radio One in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Radio One presently has a consensus rating of “Sell”.

Radio One Stock Performance

The stock’s 50-day moving average price is $0.82 and its 200 day moving average price is $0.74. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 6.14. The company has a market cap of $36.46 million, a P/E ratio of -0.29 and a beta of 0.30.

Radio One shares are set to reverse split on the morning of Friday, January 23rd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, January 22nd.

Radio One (NASDAQ:UONEK) last posted its quarterly earnings data on Tuesday, November 4th. The company reported ($0.06) EPS for the quarter. The business had revenue of $92.68 million during the quarter. Radio One had a positive return on equity of 1.85% and a negative net margin of 32.55%.

Institutional Investors Weigh In On Radio One

A hedge fund recently raised its stake in Radio One stock. Zazove Associates LLC raised its stake in Radio One, Inc. (NASDAQ:UONEK) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,024,431 shares of the company’s stock after purchasing an additional 124,724 shares during the period. Zazove Associates LLC owned approximately 11.07% of Radio One worth $3,621,000 as of its most recent SEC filing. Institutional investors own 19.70% of the company’s stock.

Radio One Company Profile

Radio One (NASDAQ: UONEK), doing business as Urban One, Inc, is a leading media company focused on serving African-American and urban audiences across the United States. The company operates a diversified portfolio of radio broadcasting properties, digital platforms and outdoor advertising assets. Its radio division comprises a network of stations in major U.S. markets, where it delivers music programming, news, cultural content and community outreach initiatives.

Founded in 1980 by industry pioneer Cathy Hughes, Radio One completed its initial public offering in 1999, becoming one of the first African-American-controlled firms listed on a major U.S.