Radio One (NASDAQ:UONE) Issues Quarterly Earnings Results

Radio One (NASDAQ:UONE) released its earnings results on Tuesday. The company reported $0.54 earnings per share (EPS) for the quarter, Zacks reports. Radio One had a positive return on equity of 32.35% and a negative net margin of 38.41%.

Radio One Trading Up 0.9%

Radio One stock opened at $5.08 on Tuesday. The company’s fifty day simple moving average is $5.48 and its 200-day simple moving average is $7.45. 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 has a 12 month low of $4.63 and a 12 month high of $18.50. The stock has a market cap of $22.97 million, a P/E ratio of -0.16 and a beta of 0.82.

Institutional Investors Weigh In On Radio One

A hedge fund recently raised its position in Radio One stock. Geode Capital Management LLC boosted its holdings in shares of Radio One, Inc. (NASDAQ:UONE) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,564 shares of the company’s stock after acquiring an additional 3,294 shares during the quarter. Geode Capital Management LLC owned approximately 1.97% of Radio One worth $91,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 8.23% of the company’s stock.

Wall Street Analyst Weigh In

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

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.