Radio One (NASDAQ:UONE) Shares Cross Below 200 Day Moving Average – Time to Sell?

Radio One, Inc. (NASDAQ:UONE)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.42 and traded as low as $6.29. Radio One shares last traded at $6.59, with a volume of 49,176 shares trading hands.

Radio One Price Performance

The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 17.92. The company has a market cap of $29.79 million, a PE ratio of -0.21 and a beta of 0.71. The stock has a 50-day simple moving average of $6.12 and a 200 day simple moving average of $9.42.

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

Institutional Investors Weigh In On Radio One

A hedge fund recently raised its stake in Radio One stock. Geode Capital Management LLC lifted its position in Radio One, Inc. (NASDAQ:UONE) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,564 shares of the company’s stock after buying 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 reporting period. Institutional investors and hedge funds own 8.23% of the company’s stock.

About Radio One

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.