Shares of Urban One, Inc. (NASDAQ:UONE - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.97 and traded as low as $1.36. Urban One shares last traded at $1.36, with a volume of 55,873 shares.
Urban One Price Performance
The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.76 and a current ratio of 2.77. The company has a 50-day moving average of $1.76 and a 200-day moving average of $1.96. The stock has a market capitalization of $66.35 million, a price-to-earnings ratio of -0.63 and a beta of 0.86.
Urban One (NASDAQ:UONE - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.57 earnings per share (EPS) 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 during the quarter.
Insider Buying and Selling
In other Urban One news, CFO Peter Thompson sold 200,000 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $1.23, for a total value of $246,000.00. Following the completion of the transaction, the chief financial officer now owns 320,642 shares in the company, valued at $394,389.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 32.61% of the stock is owned by corporate insiders.
Institutional Trading of Urban One
A hedge fund recently raised its stake in Urban One stock. Atlas Merchant Capital LLC boosted its stake in shares of Urban One, Inc. (NASDAQ:UONE - Free Report) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,000 shares of the company's stock after buying an additional 9,764 shares during the period. Atlas Merchant Capital LLC owned about 0.40% of Urban One worth $398,000 at the end of the most recent reporting period. 8.23% of the stock is currently owned by hedge funds and other institutional investors.
About Urban One
(
Get Free Report)
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.
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