Urban One (NASDAQ:UONE) Shares Cross Below 200-Day Moving Average - Should You Sell?

Urban One, Inc. (NASDAQ:UONE - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.00 and traded as low as $1.35. Urban One shares last traded at $1.36, with a volume of 24,466 shares.

Urban One Trading Down 0.7 %

The company's fifty day simple moving average is $1.85 and its 200-day simple moving average is $2.00. The firm has a market capitalization of $65.38 million, a PE ratio of -0.63 and a beta of 0.86. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.77 and a quick ratio of 2.76.

Urban One (NASDAQ:UONE - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.57 earnings per share for the quarter. Urban One had a positive return on equity of 15.38% and a negative net margin of 22.45%. The business had revenue of $117.74 million for the quarter.

Insider Buying and Selling

In other Urban One news, CFO Peter Thompson sold 200,000 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $1.23, for a total value of $246,000.00. Following the transaction, the chief financial officer now directly owns 320,642 shares of the company's stock, valued at $394,389.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 32.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Urban One

An institutional investor recently raised its position in Urban One stock. Atlas Merchant Capital LLC raised its position in Urban One, Inc. (NASDAQ:UONE - Free Report) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,000 shares of the company's stock after purchasing an additional 9,764 shares during the quarter. Atlas Merchant Capital LLC owned about 0.40% of Urban One worth $398,000 as of its most recent SEC filing. Institutional investors and hedge funds own 8.23% of the company's stock.

About Urban 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.