Radio One (NASDAQ:UONE) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Radio One, Inc. (NASDAQ:UONE)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.83 and traded as low as $10.90. Radio One shares last traded at $11.42, with a volume of 13,211 shares trading hands.

Analysts Set New Price Targets

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

Radio One Price Performance

The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 6.14. The stock has a 50-day simple moving average of $11.24 and a 200 day simple moving average of $12.79. The stock has a market capitalization of $51.17 million, a price-to-earnings ratio of -0.40 and a beta of 0.52.

Hedge Funds Weigh In On Radio One

An institutional investor recently raised its position in Radio One stock. Geode Capital Management LLC lifted 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 13F filing with the Securities & Exchange Commission. The fund owned 88,564 shares of the company’s stock after purchasing an additional 3,294 shares during the quarter. Geode Capital Management LLC owned approximately 1.97% of Radio One worth $91,000 as of its most recent SEC filing. Institutional investors and hedge funds own 8.23% of the company’s stock.

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.