Radio One (NASDAQ:UONE) Posts Earnings Results

Radio One (NASDAQ:UONE) issued its quarterly earnings results on Tuesday. The company reported $0.54 earnings per share for the quarter, Zacks reports. Radio One had a negative net margin of 38.41% and a positive return on equity of 32.35%.

Radio One Trading Up 0.9%

Shares of UONE opened at $5.08 on Tuesday. The business’s 50-day moving average price is $5.48 and its 200 day moving average price is $7.45. 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 $22.97 million, a P/E ratio of -0.16 and a beta of 0.82. Radio One has a 1-year low of $4.63 and a 1-year high of $18.50.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Radio One stock. Barclays PLC lifted its position in Radio One, Inc. (NASDAQ:UONE) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,410 shares of the company’s stock after acquiring an additional 8,098 shares during the period. Barclays PLC owned about 1.74% of Radio One worth $81,000 as of its most recent SEC filing. Institutional investors and hedge funds own 8.23% of the company’s stock.

Wall Street Analyst Weigh In

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

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.