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

Shares of Radio One, Inc. (NASDAQ:UONE) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.87 and traded as low as $4.21. Radio One shares last traded at $4.24, with a volume of 6,666 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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.com, Radio One presently has an average rating of “Sell”.

Radio One Stock Up 0.5%

The stock has a 50 day moving average price of $4.90 and a 200 day moving average price of $5.87. 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 $19.55 million, a P/E ratio of -0.28 and a beta of 0.81.

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

Institutional Investors Weigh In On Radio One

A hedge fund recently bought a new stake in Radio One stock. Concurrent Investment Advisors LLC acquired a new stake in shares of Radio One, Inc. (NASDAQ:UONE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,557 shares of the company’s stock, valued at approximately $84,000. Concurrent Investment Advisors LLC owned 0.34% of Radio One at the end of the most recent quarter. 8.23% of the stock is currently owned by institutional investors and hedge funds.

About Radio One

Radio One, Inc, now known as Urban One, Inc, is a multimedia company focused on serving Black audiences in the United States. The company operates radio stations and develops content across radio, television, digital media and related platforms.

Its businesses have included a portfolio of urban-format radio stations, the TV One cable network, CLEO TV and digital media properties operated through iOne Digital. The company also provides advertising, marketing and content solutions through its media and entertainment platforms, while Reach Media produces and distributes nationally syndicated programming.

Founded in 1980 by Cathy Hughes, the company was originally established as a radio broadcaster and later expanded into television and digital media.