Radio One (NASDAQ:UONE) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Radio One, Inc. (NASDAQ:UONE)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.58 and traded as low as $5.55. Radio One shares last traded at $5.62, with a volume of 27,332 shares.

Wall Street Analysts Forecast Growth

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

Radio One Trading Up 1.2%

The firm has a fifty day simple moving average of $10.13 and a two-hundred day simple moving average of $11.48. The firm has a market capitalization of $26.74 million, a P/E ratio of -0.18 and a beta of 0.82. The company has a debt-to-equity ratio of 17.47, a current ratio of 2.10 and a quick ratio of 2.10.

Institutional Investors Weigh In On Radio One

An institutional investor recently raised its position in Radio One stock. Geode Capital Management LLC grew its stake in shares of Radio One, Inc. (NASDAQ:UONE) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,564 shares of the company’s stock after acquiring an additional 3,294 shares during the period. Geode Capital Management LLC owned 1.97% of Radio One worth $91,000 at the end of the most recent reporting period. 8.23% of the stock is owned by institutional investors.

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.