Radio One (NASDAQ:UONE) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Radio One, Inc. (NASDAQ:UONE) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.09 and traded as low as $4.79. Radio One shares last traded at $4.79, with a volume of 5,825 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Radio One in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Radio One currently has a consensus rating of “Sell”.

Radio One Price Performance

The company’s 50 day simple moving average is $5.98 and its 200 day simple moving average is $8.09. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 17.92. The stock has a market capitalization of $21.65 million, a PE ratio of -0.15 and a beta of 0.82.

Radio One (NASDAQ:UONE) last released its earnings results on Thursday, May 14th. The company reported ($0.69) earnings per share (EPS) for the quarter. The company 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%.

Hedge Funds Weigh In On Radio One

A hedge fund recently raised its position in Radio One stock. Barclays PLC lifted its stake in shares of Radio One, Inc. (NASDAQ:UONE) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,410 shares of the company’s stock after buying an additional 8,098 shares during the quarter. Barclays PLC owned approximately 1.74% of Radio One worth $81,000 as of its most recent filing with the Securities and Exchange Commission. 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.