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

Shares of Radio One, Inc. (NASDAQ:UONE) are set to reverse split on Friday, January 23rd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, January 22nd.

Radio One Trading Down 15.5%

Radio One stock opened at $0.87 on Monday. Radio One has a one year low of $0.87 and a one year high of $1.90. The company’s fifty day moving average price is $1.14 and its two-hundred day moving average price is $1.39. The company has a debt-to-equity ratio of 6.14, a current ratio of 2.59 and a quick ratio of 2.59. The company has a market capitalization of $39.11 million, a price-to-earnings ratio of -0.31 and a beta of 0.38.

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

Analysts Set New Price Targets

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