Radio One (NASDAQ:UONE) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Radio One's stock price fell below its 200-day moving average of $1.57, trading as low as $1.30, reflecting a 3.7% decrease in value.
• The company reported a negative net margin of 38.19% and a positive return on equity of 13.04% for its latest quarter, which ended with earnings of $0.49 per share.
• Insider transactions disclosed that Director Brian W. Mcneill sold 220,901 shares at an average price of $0.82, reducing his ownership by 48.54%.

Shares of Radio One, Inc. (NASDAQ:UONE - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.57 and traded as low as $1.30. Radio One shares last traded at $1.30, with a volume of 23,218 shares.

Radio One Stock Down 3.7%

The firm has a market cap of $58.99 million, a price-to-earnings ratio of -0.38 and a beta of 0.46. The firm's fifty day moving average is $1.56 and its two-hundred day moving average is $1.57. The company has a debt-to-equity ratio of 5.94, a current ratio of 2.64 and a quick ratio of 2.64.

Radio One (NASDAQ:UONE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.49 earnings per share for the quarter. The business had revenue of $91.63 million during the quarter. Radio One had a negative net margin of 38.19% and a positive return on equity of 13.04%.

Insiders Place Their Bets

In related news, Director Brian W. Mcneill sold 220,901 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $0.82, for a total value of $181,138.82. Following the completion of the sale, the director owned 234,213 shares of the company's stock, valued at $192,054.66. This represents a 48.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 41.32% of the stock is owned by insiders.

Institutional Investors Weigh In On Radio One

An institutional investor recently raised its position in Radio One stock. Northern Trust Corp raised its holdings in Radio One, Inc. (NASDAQ:UONE - Free Report) by 31.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,549 shares of the company's stock after acquiring an additional 9,509 shares during the quarter. Northern Trust Corp owned 0.08% of Radio One worth $61,000 as of its most recent filing with the Securities and Exchange Commission. 8.23% of the stock is owned by institutional investors and hedge funds.

Radio One Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.