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Radio One (NASDAQ:UONE) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

Radio One logo with Consumer Discretionary background

Shares of Radio One, Inc. (NASDAQ:UONE - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-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.

Radio One Trading Down 7.6%

The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 3.46. The business's fifty day simple moving average is $1.59 and its two-hundred day simple moving average is $1.50. The company has a market cap of $66.22 million, a price-to-earnings ratio of -0.55 and a beta of 0.53.

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

Institutional Trading of Radio One

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp raised its holdings in 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 purchasing an additional 9,509 shares in the last quarter. Barclays PLC raised its holdings in 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. Finally, Millennium Management LLC raised its holdings in Radio One by 9.4% during the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company's stock worth $142,000 after purchasing an additional 7,923 shares in the last quarter. Institutional investors and hedge funds own 8.23% of the company's stock.

Radio One Company Profile

(Get Free Report)

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.

Further Reading

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