Radio One (NASDAQ:UONE) Stock Passes Below 200-Day Moving Average - Here's Why

Shares of Radio One, Inc. (NASDAQ:UONE - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.50 and traded as low as $1.45. Radio One shares last traded at $1.45, with a volume of 68,501 shares traded.

Radio One Stock Down 0.7%

The business has a 50-day moving average price of $1.59 and a 200-day moving average price of $1.50. The stock has a market cap of $67.59 million, a PE ratio of -0.56 and a beta of 0.53. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 3.46.

Radio One (NASDAQ:UONE - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $92.24 million during the quarter. Radio One had a negative net margin of 28.49% and a positive return on equity of 13.51%.

Institutional Investors Weigh In On Radio One

Large investors have recently bought and sold shares of the company. Barclays PLC increased its position in shares of Radio One by 501,907.1% during the fourth quarter. Barclays PLC now owns 70,281 shares of the company's stock worth $108,000 after purchasing an additional 70,267 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Radio One by 31.7% during the fourth quarter. Northern Trust Corp now owns 39,549 shares of the company's stock worth $61,000 after buying an additional 9,509 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Radio One by 9.4% in the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company's stock valued at $142,000 after buying an additional 7,923 shares during the last quarter. 8.23% of the stock is currently owned by hedge funds and other institutional investors.

About Radio One

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.