Radio One (NASDAQ:UONE) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Radio One, Inc. (NASDAQ:UONE) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.02 and traded as low as $5.42. Radio One shares last traded at $5.62, with a volume of 81,407 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Radio One in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Radio One presently has a consensus rating of “Sell”.

Radio One Stock Performance

The company has a fifty day moving average of $10.70 and a two-hundred day moving average of $11.99. The firm has a market capitalization of $25.29 million, a price-to-earnings ratio of -0.17 and a beta of 0.57. The company has a debt-to-equity ratio of 6.14, a quick ratio of 2.59 and a current ratio of 2.59.

Institutional Investors Weigh In On Radio One

A hedge fund recently raised its stake in Radio One stock. Geode Capital Management LLC boosted its stake in shares of Radio One, Inc. (NASDAQ:UONE) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,564 shares of the company’s stock after acquiring an additional 3,294 shares during the period. Geode Capital Management LLC owned 1.97% of Radio One worth $91,000 at the end of the most recent reporting period. 8.23% of the stock is currently owned by institutional investors and hedge funds.

About Radio One

Urban One, Inc, formerly known as Radio One, Inc, is a media company primarily serving African-American and urban audiences across the United States. The company’s core business activities center on radio broadcasting, operating a portfolio of urban-format radio stations that deliver music, news, and community-focused programming. Urban One’s radio network spans key metropolitan markets including Washington, DC, Atlanta, Philadelphia, and Minneapolis, among others.

In addition to its terrestrial radio operations, Urban One has expanded into digital media to engage listeners online.