Radio One Stock to Reverse Split on Friday, January 23rd (NASDAQ:UONE)

Radio One, Inc. (NASDAQ:UONE) shares are going 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 Trading Down 15.5%

Shares of UONE stock opened at $0.87 on Monday. The company has a market capitalization of $39.11 million, a P/E ratio of -0.31 and a beta of 0.38. Radio One has a 12-month low of $0.87 and a 12-month high of $1.90. 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 firm has a 50-day moving average price of $1.14 and a 200 day moving average price of $1.39.

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

Analyst Upgrades and Downgrades

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