Radio One (NASDAQ:UONE) Sees Strong Trading Volume – Here’s Why

Radio One, Inc. (NASDAQ:UONE) saw unusually-high trading volume on Friday . Approximately 14,655 shares were traded during trading, an increase of 153% from the previous session’s volume of 5,788 shares.The stock last traded at $11.6440 and had previously closed at $9.3030.

Wall Street Analyst Weigh In

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

Radio One Stock Performance

The firm has a market cap of $438.04 million, a price-to-earnings ratio of -3.43 and a beta of 0.38. 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 company has a 50 day moving average of $1.11 and a 200 day moving average of $1.37.

Radio One (NASDAQ:UONE) last posted its quarterly earnings results on Tuesday, November 4th. The company reported ($0.60) earnings per share (EPS) for the quarter. Radio One had a negative net margin of 32.55% and a positive return on equity of 1.85%. The firm had revenue of $92.68 million for the quarter.

About Radio One

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.