Radio One (NASDAQ:UONE) Share Price Passes Below 200 Day Moving Average – Here’s Why

Radio One, Inc. (NASDAQ:UONE)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

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

Radio One Price Performance

The stock has a market capitalization of $21.65 million, a price-to-earnings ratio of -0.15 and a beta of 0.82. 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 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 issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.69) earnings per share (EPS) for the quarter. Radio One had a positive return on equity of 32.35% and a negative net margin of 38.41%.The business had revenue of $77.65 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Radio One stock. Geode Capital Management LLC boosted its stake in Radio One, Inc. (NASDAQ:UONE) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC). 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.