Radio One (NASDAQ:UONE) Share Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Radio One, Inc. (NASDAQ:UONE) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.83 and traded as low as $10.90. Radio One shares last traded at $11.42, with a volume of 13,211 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Radio One in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Radio One Stock Performance

The company has a 50-day moving average of $11.25 and a 200-day moving average of $12.83. The firm has a market capitalization of $51.39 million, a price-to-earnings ratio of -0.40 and a beta of 0.52. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 6.14.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Radio One stock. Geode Capital Management LLC increased its holdings in shares of Radio One, Inc. (NASDAQ:UONE) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,564 shares of the company’s stock after acquiring an additional 3,294 shares during the quarter. Geode Capital Management LLC owned approximately 1.97% of Radio One worth $91,000 at the end of the most recent quarter. Institutional investors and hedge funds own 8.23% of the company’s stock.

Radio One Company Profile

Urban One, Inc, formerly known as Radio One, Inc, is a media company primarily serving African-American and urban audiences across the United States. The company’s core business activities center on radio broadcasting, operating a portfolio of urban-format radio stations that deliver music, news, and community-focused programming. Urban One’s radio network spans key metropolitan markets including Washington, DC, Atlanta, Philadelphia, and Minneapolis, among others.

In addition to its terrestrial radio operations, Urban One has expanded into digital media to engage listeners online.