Radio One (NASDAQ:UONE) Share Price Passes Below 200 Day Moving Average – Here’s Why

Radio One, Inc. (NASDAQ:UONE)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.09 and traded as low as $4.79. Radio One shares last traded at $4.79, with a volume of 5,825 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Radio One in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Radio One currently has a consensus rating of “Sell”.

Radio One Price Performance

The firm has a market capitalization of $21.65 million, a P/E ratio of -0.15 and a beta of 0.82. The business’s 50-day simple moving average is $5.98 and its 200 day simple moving average is $8.09. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 17.92.

Radio One (NASDAQ:UONE) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.69) earnings per share (EPS) for the quarter. Radio One had a negative net margin of 38.41% and a positive return on equity of 32.35%. The business had revenue of $77.65 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Radio One stock. Barclays PLC lifted its stake in Radio One, Inc. (NASDAQ:UONE) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,410 shares of the company’s stock after buying an additional 8,098 shares during the period. Barclays PLC owned approximately 1.74% of Radio One worth $81,000 as of its most recent SEC filing. 8.23% of the stock is currently owned by institutional investors.

Radio One Company Profile

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.