Urban One (NASDAQ:UONE) Shares Cross Below Two Hundred Day Moving Average - What's Next?

Shares of Urban One, Inc. (NASDAQ:UONE - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.58 and traded as low as $1.32. Urban One shares last traded at $1.33, with a volume of 22,443 shares traded.

Urban One Trading Up 0.8 %

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 firm has a market capitalization of $64.19 million, a PE ratio of -0.79 and a beta of 0.95. The stock's 50-day moving average price is $1.44 and its 200 day moving average price is $1.57.

Insiders Place Their Bets

In other news, CAO Karen Wishart sold 50,000 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $1.01, for a total value of $50,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 41,278 shares of the company's stock, valued at approximately $41,690.78. The trade was a 54.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Peter Thompson sold 100,000 shares of Urban One stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $1.07, for a total transaction of $107,000.00. Following the completion of the transaction, the chief financial officer now directly owns 220,642 shares in the company, valued at approximately $236,086.94. The trade was a 31.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 229,560 shares of company stock worth $236,298. 32.61% of the stock is currently owned by company insiders.

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Institutional Investors Weigh In On Urban One

Several institutional investors and hedge funds have recently made changes to their positions in UONE. Millennium Management LLC lifted its position in Urban One by 9.4% during the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company's stock valued at $142,000 after purchasing an additional 7,923 shares during the period. Barclays PLC lifted its holdings in shares of Urban One by 501,907.1% in the 4th quarter. Barclays PLC now owns 70,281 shares of the company's stock valued at $108,000 after buying an additional 70,267 shares during the period. Finally, Northern Trust Corp boosted its stake 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 buying an additional 9,509 shares during the last quarter. 8.23% of the stock is currently owned by institutional investors and hedge funds.

Urban One Company Profile

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.