Radio One (NASDAQ:UONEK) Shares to Reverse Split on Friday, January 23rd

Radio One, Inc. (NASDAQ:UONEK) shares are scheduled to reverse split on Friday, January 23rd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, January 22nd.

Radio One Trading Down 7.3%

NASDAQ UONEK opened at $0.81 on Monday. Radio One has a 1-year low of $0.44 and a 1-year high of $1.40. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 6.14. The company has a market capitalization of $36.45 million, a PE ratio of -0.29 and a beta of 0.30. The firm’s fifty day simple moving average is $0.82 and its 200-day simple moving average is $0.74.

Radio One (NASDAQ:UONEK) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.06) earnings per share (EPS) for the quarter. Radio One had a positive return on equity of 1.85% and a negative net margin of 32.55%.The firm had revenue of $92.68 million for the quarter.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Radio One

An institutional investor recently raised its position in Radio One stock. Zazove Associates LLC increased its position in shares of Radio One, Inc. (NASDAQ:UONEK) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,024,431 shares of the company’s stock after buying an additional 124,724 shares during the period. Zazove Associates LLC owned 11.07% of Radio One worth $3,621,000 at the end of the most recent reporting period. 19.70% of the stock is currently owned by hedge funds and other institutional investors.

Radio One Company Profile

Radio One (NASDAQ: UONEK), doing business as Urban One, Inc, is a leading media company focused on serving African-American and urban audiences across the United States. The company operates a diversified portfolio of radio broadcasting properties, digital platforms and outdoor advertising assets. Its radio division comprises a network of stations in major U.S. markets, where it delivers music programming, news, cultural content and community outreach initiatives.

Founded in 1980 by industry pioneer Cathy Hughes, Radio One completed its initial public offering in 1999, becoming one of the first African-American-controlled firms listed on a major U.S.