Radio One (NASDAQ:UONE) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Radio One, Inc. (NASDAQ:UONE)’s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $5.42 and traded as low as $4.07. Radio One shares last traded at $4.13, with a volume of 5,295 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Radio One in a research report on Tuesday, September 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Radio One Stock Performance

The company has a debt-to-equity ratio of 20.77, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $20.00 million, a PE ratio of -0.29 and a beta of 0.87. The company has a 50 day moving average price of $4.67 and a 200 day moving average price of $5.41.

Radio One (NASDAQ:UONE) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($1.58) earnings per share (EPS) for the quarter. Radio One had a negative return on equity of 7.13% and a negative net margin of 19.04%.The company had revenue of $85.76 million during the quarter.

Institutional Investors Weigh In On Radio One

An institutional investor recently bought a new position in Radio One stock. Concurrent Investment Advisors LLC purchased a new position in shares of Radio One, Inc. (NASDAQ:UONE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,557 shares of the company’s stock, valued at approximately $84,000. Concurrent Investment Advisors LLC owned about 0.34% of Radio One as of its most recent filing with the Securities and Exchange Commission (SEC). 8.23% of the stock is currently owned by institutional investors.

About Radio One

Urban One, Inc, formerly known as Radio One, is a multimedia company serving Black audiences in the United States. Founded in 1980 by Cathy Hughes, the company initially focused on radio broadcasting and has expanded into television, digital media and other content platforms. Its Class A common stock trades on the Nasdaq under the symbol UONE.

The company operates a portfolio of radio stations in major U.S. markets, with programming that includes music, news, talk and entertainment. Urban One also owns TV One, a cable network featuring original programming, movies, documentaries and other content focused on African American audiences.