Urban One, Inc. (NASDAQ:UONE - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.72 and traded as low as $1.41. Urban One shares last traded at $1.41, with a volume of 23,600 shares.
Urban One Stock Up 2.8 %
The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91. The stock has a market cap of $69.46 million, a price-to-earnings ratio of -0.85 and a beta of 1.04. The business has a fifty day moving average of $1.54 and a 200 day moving average of $1.72.
Urban One (NASDAQ:UONE - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported $0.31 earnings per share for the quarter. Urban One had a positive return on equity of 17.29% and a negative net margin of 17.82%. The firm had revenue of $110.39 million during the quarter.
Insider Activity at Urban One
In related news, CEO David M. Kantor sold 70,350 shares of the stock in a transaction dated Monday, January 13th. The shares were 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 in the company, valued at approximately $7,899.78. This trade represents a 89.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter Thompson sold 100,000 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $1.07, for a total value of $107,000.00. Following the transaction, the chief financial officer now owns 220,642 shares in the company, valued at $236,086.94. This represents a 31.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 579,560 shares of company stock worth $579,298. 32.61% of the stock is owned by insiders.
Institutional Trading of Urban One
An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Urban One, Inc. (NASDAQ:UONE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,801 shares of the company's stock, valued at approximately $27,000. 8.23% of the stock is currently owned by hedge funds and other institutional investors.
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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