Urban One, Inc. (NASDAQ:UONE - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.93 and traded as low as $1.41. Urban One shares last traded at $1.55, with a volume of 52,477 shares changing hands.
Urban One Stock Performance
The business has a 50-day simple moving average of $1.68 and a 200-day simple moving average of $1.93. 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 issued its quarterly earnings results on Thursday, August 8th. The company reported $0.57 earnings per share (EPS) for the quarter. The company had revenue of $117.74 million for the quarter. Urban One had a negative net margin of 22.45% and a positive return on equity of 15.38%.
Insider Activity
In other Urban One news, CFO Peter Thompson sold 200,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $1.23, for a total transaction of $246,000.00. Following the completion of the sale, the chief financial officer now directly owns 320,642 shares of the company's stock, valued at approximately $394,389.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 32.61% of the company's stock.
Institutional Investors Weigh In On Urban One
An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Urban One, Inc. (NASDAQ:UONE - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,801 shares of the company's stock, valued at approximately $27,000. Institutional investors and hedge funds own 8.23% of the company's stock.
Urban One Company Profile
(
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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