Radio One (NASDAQ:UONEK) Stock Passes Above 200 Day Moving Average – What’s Next?

Radio One, Inc. (NASDAQ:UONEK) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.70 and traded as high as $0.8699. Radio One shares last traded at $0.8553, with a volume of 12,789 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Radio One in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Radio One Stock Up 1.0%

The firm’s 50 day moving average price is $0.70 and its 200-day moving average price is $0.70. 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 company has a market cap of $39.26 million, a P/E ratio of -0.31 and a beta of 0.25.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Radio One stock. Zazove Associates LLC increased its stake in Radio One, Inc. (NASDAQ:UONEK) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,024,431 shares of the company’s stock after acquiring an additional 124,724 shares during the quarter. Zazove Associates LLC owned about 11.07% of Radio One worth $3,621,000 at the end of the most recent reporting period. 19.70% of the stock is owned by institutional investors.

About Radio One

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.