Radio One (NASDAQ:UONEK) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of Radio One, Inc. (NASDAQ:UONEK) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.71 and traded as high as $8.39. Radio One shares last traded at $7.90, with a volume of 8,261 shares.

Wall Street Analysts Forecast Growth

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.com, the company has a consensus rating of “Sell”.

Radio One Stock Performance

The company has a market cap of $34.65 million, a price-to-earnings ratio of -0.27 and a beta of 0.41. The company has a debt-to-equity ratio of 6.14, a quick ratio of 2.59 and a current ratio of 2.59. The company has a fifty day moving average of $8.19 and a two-hundred day moving average of $7.72.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UONEK. Zazove Associates LLC boosted its position in Radio One by 2.5% during the 3rd quarter. Zazove Associates LLC now owns 5,024,431 shares of the company’s stock worth $3,621,000 after buying an additional 124,724 shares during the period. Geode Capital Management LLC increased its position in Radio One by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock valued at $136,000 after acquiring an additional 2,474 shares during the period. Finally, Barclays PLC raised its stake in shares of Radio One by 48.9% during the fourth quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock valued at $1,001,000 after acquiring an additional 382,559 shares during the last quarter. 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.