Radio One (NASDAQ:UONE) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Radio One, Inc. (NASDAQ:UONE)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.34 and traded as low as $5.35. Radio One shares last traded at $5.39, with a volume of 8,133 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Radio One in a research note on Thursday, June 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Radio One Stock Performance

The stock’s fifty day simple moving average is $6.04 and its 200-day simple moving average is $8.32. The firm has a market cap of $24.35 million, a PE ratio of -0.17 and a beta of 0.82. The company has a debt-to-equity ratio of 17.92, a current ratio of 1.84 and a quick ratio of 1.84.

Radio One (NASDAQ:UONE) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.69) EPS for the quarter. The company had revenue of $77.65 million for the quarter. Radio One had a positive return on equity of 32.35% and a negative net margin of 38.41%.

Institutional Trading of Radio One

A hedge fund recently raised its position in Radio One stock. Geode Capital Management LLC lifted its position in Radio One, Inc. (NASDAQ:UONE) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,564 shares of the company’s stock after purchasing an additional 3,294 shares during the quarter. Geode Capital Management LLC owned about 1.97% of Radio One worth $91,000 as of its most recent SEC filing. 8.23% of the stock is owned by hedge funds and other institutional investors.

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.