Urban One, Inc. (NASDAQ:UONE - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.49 and traded as low as $1.25. Urban One shares last traded at $1.29, with a volume of 20,756 shares.
Urban One Stock Performance
The company's 50-day moving average is $1.39 and its two-hundred day moving average is $1.47. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90. The company has a market cap of $65.15 million, a P/E ratio of -0.80 and a beta of 0.46.
Urban One (NASDAQ:UONE - Get Free Report) last released its earnings results on Thursday, March 27th. The company reported ($0.78) earnings per share for the quarter. The company had revenue of $117.13 million for the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%.
Insiders Place Their Bets
In related news, CEO David M. Kantor sold 70,350 shares of Urban One stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $0.98, for a total value of $68,943.00. Following the completion of the sale, the chief executive officer now owns 8,061 shares of the company's stock, valued at approximately $7,899.78. This trade represents a 89.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 32.61% of the company's stock.
Hedge Funds Weigh In On Urban One
Large investors have recently modified their holdings of the business. Millennium Management LLC boosted its holdings in Urban One by 9.4% in the 4th quarter. Millennium Management LLC now owns 92,083 shares of the company's stock worth $142,000 after buying an additional 7,923 shares during the period. Barclays PLC lifted its position in shares of Urban One by 501,907.1% during the fourth quarter. Barclays PLC now owns 70,281 shares of the company's stock worth $108,000 after acquiring an additional 70,267 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Urban One by 31.7% in the fourth quarter. Northern Trust Corp now owns 39,549 shares of the company's stock worth $61,000 after acquiring an additional 9,509 shares during the period. Hedge funds and other institutional investors own 8.23% of the company's stock.
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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