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Urban One (NASDAQ:UONE) Announces Earnings Results

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Urban One (NASDAQ:UONE - Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.78) earnings per share for the quarter, RTT News reports. The company had revenue of $117.13 million for the quarter. Urban One had a positive return on equity of 17.29% and a negative net margin of 17.82%.

Urban One Price Performance

Shares of UONE traded down $0.01 during mid-day trading on Tuesday, hitting $1.43. 2,507 shares of the company were exchanged, compared to its average volume of 73,972. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91. Urban One has a 1-year low of $1.23 and a 1-year high of $3.33. The stock has a market cap of $68.50 million, a price-to-earnings ratio of -0.84 and a beta of 0.95. The company has a 50 day moving average of $1.40 and a 200-day moving average of $1.51.

Insider Buying and Selling

In other news, CEO David M. Kantor sold 70,350 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $0.98, for a total value of $68,943.00. Following the transaction, the chief executive officer now owns 8,061 shares in the company, valued at $7,899.78. This trade represents a 89.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 32.61% of the stock is currently owned by insiders.

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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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Earnings History for Urban One (NASDAQ:UONE)

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