Radio One (NASDAQ:UONEK) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Radio One, Inc. (NASDAQ:UONEK)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.46 and traded as low as $4.32. Radio One shares last traded at $4.37, with a volume of 3,968 shares changing hands.

Analyst Upgrades and Downgrades

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

Radio One Trading Down 1.4%

The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 17.92. The stock has a fifty day simple moving average of $4.91 and a 200 day simple moving average of $6.42. The firm has a market capitalization of $19.48 million, a P/E ratio of -0.14 and a beta of 0.37.

Radio One (NASDAQ:UONEK) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.69) EPS for the quarter. The business had revenue of $77.65 million during the quarter. Radio One had a negative net margin of 38.41% and a positive return on equity of 32.35%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UONEK. Geode Capital Management LLC boosted its stake in Radio One by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock worth $136,000 after purchasing an additional 2,474 shares during the period. Barclays PLC raised its position 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 buying an additional 382,559 shares during the last quarter. Finally, Zazove Associates LLC raised its position in shares of Radio One by 1.2% during the fourth quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock valued at $4,295,000 after buying an additional 58,732 shares during the last quarter. 19.70% of the stock is owned by hedge funds and other institutional investors.

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.